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Zambia’s economy has had a slow recovery from the most recent global economic shocks caused by the Russia-Ukraine conflict. Real GDP growth is projected to decrease to 2.3% in 2024, from 5.4% in 2023 after reaching an annual average growth rate of 5.6% for 2021 to 2023. Economic growth has been largely affected by the worse-than-expected impact of the drought on agricultural output and electricity generation, which was offset by growth in information and communication and financial sectors... Read the full PESA Editorial here: https://politicaleconomy.org.za/2025/03/pesa-editorial-on-zambia-2h2024-25/.
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