Zanaco forecasts stifled growth
Published On March 27, 2019 » 1485 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA  –
THE adverse weather pattern, low water levels in major reservoirs and disruptive effects of the pending Goods and Services Tax (GST) will hamper Zambia’s economic growth this year.
The adverse weather in the Southern region of the country will negatively impact on agricultural output, which will result in high food prices, Zanaco head of economic research Patrick Chileshe said during the economic review briefing in Lusaka yesterday.
Dr Chileshe said the poor rains will also affect the country’s ability to generate energy, thereby increasing on the cost of production, productivity and worsen fiscal challenges.

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