KELVIN MBEWE
Lusaka
ZAMBIA Institute for Policy Analysis and Research (ZIPAR) has described the country’s gross domestic product (GDP) performance as undergoing steady growth despite the downward revision of 2.7 percent in 2023 from the initial 4.2 percent growth projection.
The research institute says the current statistics point to a more optimistic growth trajectory, with progress averaging five percent in the first three quarters of 2023 and that the 4.8 percent GDP growth target highlighted in the 2024 national budget signals an optimistic economic outlook for Zambia in 2024.
And the institute has attributed the high energy and food prices, as well as tighter global financial conditions, to the Russia-Ukraine war and effects of climate change…https://enews.daily-mail.co.zm/welcome/home