Zanaco trims growth forecast by 0.4 p.c.
Published On May 18, 2022 » 1260 Views» By Times Reporter » Business, Stories
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ZANACO Bank Plc has revised its growth projections for this year by 40 basis points following expected higher energy costs, delays to secure an International Monetary Fund (IMF) programme, poor rainfall pattern and potential return of load shedding.
While the bank remained positive that the economy would continue on a healthy positive growth path going forward, as it trimmed its forecast to 3.4 per cent from 3.8 per cent communicated in the first quarter of 2021.

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