IMF predicts Zambia economy to shrink by 5% due to virus, drought

Johannesburg (AFP) July 15, 2020
The economy of Zambia, Africa’s second-biggest copper producer, is on track to shrink by five percent due to a dual shock of the coronavirus pandemic and a severe drought, the IMF said Wednesday. The International Monetary Fund made the projection following two weeks of discussions with Zambian authorities. “The social and macroeconomic impact of the COVID-19 shock, on top of a severe d
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