SIREXE 2024
EconomyCovid-19Southern Africa

Zambia’s economy to shrink 4.2% in 2020

Zambia expects its gross domestic product to shrink by around 4.2% in 2020, more than the 2.6% contraction forecast by the central bank in May, finance minister Bwalya Ng’andu said on Wednesday.

Sectors including mining, energy, construction, manufacturing, tourism, trade and transport were all expected to record poor performances due to Covid-19, Ng’andu said.

Want more stuff like this?

Advertisement
Suppliers Directory 2025

Join over 117, 500 subscribers and receive our weekly eNewsletter!

Please tick the News Alerts you wish to receive:
Back to top button