GOVT PROJECTS 4% GROWTH IN 2019
Minister of Finance Margaret Mwanakatwe has projected that Zambia’s 2019 macroeconomic outlook will remain stable through the implementation of reforms and policies to support fiscal consolidation.
Mrs. Mwanakatwe says the inflation rate is also expected to remain in range of 6 to 8 percent, while growth is projected to stand at 4 percent.
She says growth will be driven by public and private sector investments and enhanced domestic revenues collection.
Mrs Mwanakatwe explained that the austerity, fiscal consolidation and economic stabilization measures undertaken by the Government are aimed at creating a strong foundation for improved economic management and sustained growth.
In a statement to ZNBC News today, Mrs Mwanakatwe said the economic performance in 2018 remained resilient and was supported by relative macroeconomic stability.
She said the country’s growth in 2018 showed a positive momentum with GDP trending upwards.
Mrs Mwanakatwe explained that growth in the various sectors is due to the stable supply of electricity.