19.2 C
Lusaka
Tuesday, January 31, 2023
spot_img
HomeNewsZambia economy grew 3.1% in 2022, higher growth needed: finance minister

Zambia economy grew 3.1% in 2022, higher growth needed: finance minister

(Reuters) – Zambia’s Finance Minister Situmbeko Musokotwane said on Friday that the economy grew 3.1% last year but that the country should aim for higher growth.

The Southern African country contained annual inflation to single digits at 9.9% in December from 16.4% in December 2021. But reducing inflation to 6%-8% in the medium term remains the target, Musokotwane said.

Central government external debt rose to $13.36 billion at end-September 2022 from $13.04 billion at end-December 2021, he added.

SourceReuters
RELATED ARTICLES
- Advertisment -
Royal Charter

Most Popular