A LOOK AT ZAMBIA”S ECONOMIC GROWTH 2019 BY PMRC
By Mrs. Bernadette Deka Zulu – PMRC Executive Director In 2019 GDP growth was revised down to 2% from an initial projection of 4%. Adverse weather conditions of 2018/19 led to negative growth in agriculture and electricity generation, in turn slowing down most sectors i.e. retail, wholesale trade and manufacturing industry. Liquidity constrained because of higher debt service payments stifling private sector economic activity. FISCAL DEVELOPMENT 2019 Estimates indicate that fiscal deficit on cash basis was 8.2% of GDP against target of 6.5%. Revenues and grants were higher by 5.7% at K61.3 billion compared to the target of K58 billion....
