The International Monetary Fund says the Zambian economy is expected to slow down by 2% this year.
This is according to a statement released after the IMF Executive Board Concluded its 2019 Article IV Consultation with the country.
The Fund cites decline in mining activity and the impact of the drought on hydro power production.
It said the outlook is further heightened by the ongoing drought and debt vulnerabilities.
IMF expects Inflation to remain above the top of the Bank of Zambia’s target rate in 2019 and 2020.
The Fund emphasized that achieving inclusive growth and reducing poverty will require a steady focus on improving the investment climate, promoting productivity and human capital, and addressing the risk of corruption.
