Fri, 03 Mar 2017 10:36:12 +0000 By BUUMBA CHIMBULU MOODY, a credit rating agency, says it is expecting Zambia’s economic growth to recover to 5 percent or more in 2019-2020 if there will be no significant new external shocks. And Moody’s vice president – senior analyst and the report’s co-author Zuzana Brixiova, observed that Zambia faced several short and medium-term challenges of liquidity pressures resulting from a series of large fiscal deficits. In the latest annual report, Moody said Zambia still had good medium-term economic growth potential despite rating it with a B3 Government bond rating, representing a negative outlook. The agency said in the absence of significant new external shocks, Zambia’s growth would recover to 5 percent or more in 2019-2020, aided by gradually rising copper prices, extra mining capacity and reduced electricity shortages. “Zambia’s fiscal strength is set at very low based on the country’s public debt that has risen rapidly over the […]
