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Zambia’s GDP to exceed 3%

As copper-producer steps up spending.

Zambia’s economy will grow by more than 3% in 2020 from around 2% last year, Finance Minister Bwalya Ng’andu said on Wednesday, while the fiscal deficit is set to remain elevated as the government borrows more to fund spending.

Economic growth in Africa‘s second-largest copper producer has been hampered by electricity shortages after drought hit hydropower generation, and the government is focusing on building green energy capacity to plug the gap.

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Truly brilliant. From an incredibly low base an emerging( frontier) market is growing at the same rate as the rest of the planet which includes the developed world.

At least its better than what is happening in out unhappy broken country but its not exactly exciting-in fact it is pretty disappointing!

Devil in the details
3% growth though government spending increase – government lending increase – long term problems being created.
typical african thing.

End of comments.

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