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Zambia’s Private Sector Alarmed by IMF’s GDP Downgrade to 1.2% for 2024

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Kennedy Mupeseni

Kennedy Mupeseni is a Zambian based journalist covering business, finance, energy and mining.
  • Business leaders urge government to bolster private sector-led recovery
  • Economic challenges mount as drought impacts key sectors

Lusaka, Zambia – Zambia’s private sector has expressed concern over the International Monetary Fund’s (IMF) recent downgrade of the country’s 2024 GDP growth forecast to 1.2%, citing economic vulnerabilities caused by an extended dry spell.

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