Downward 2024 Growth Revision For Zambia As Drought Conditions Bite
Country Risk / Zambia / Fri 10 May, 2024
Key View
- We have revised down our 2024 growth projection for Zambia from 5.0% to 4.7%, on account of persistently low rainfall, which has led to widespread crop failures and the imposition of loadshedding by ZESCO, the state-owned power company.
- That said, weakness will be very much concentrated in H1 2024, with inflationary pressures expected to