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World Bank downgrades Zambia’s GDP to 3.3%

Filed under: Business,Latest News |

One of the densely populated markets in Lusaka

World Bank downgrades Zambia’s GDP growth to 3.3% from 4.3 per cent in its latest Economic Brief released in Lusaka. This is triggered by dampened agricultural activity, among other factors.

And World Bank country manager Dr Ina-Marlene Ruthenberg says the country’s lending rates remain too high for the private sector to borrow credit and create enough jobs in the economy.

It’s good that this gospel is coming from the imperialist organisation, The World Bank, because when some of us correctly advise government that our banks do not favour our developmental agenda for economic freedom, we are told we know nothing, we are not economists. They would rather listen to economists who tell them that it’s the noise from citizens that is causing problems to this country.

Anyways, let’s wait and see what the 2019 budget holds for us and the future when Finance Minister Margaret Mwanakatwe presents the 2019 National Budget.


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