Zambia’s economy to grow by 3% in 2020

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President Edgar Lungu of Zambia cleared by the Constitutional Court to run for third term

Zambia’s President Edgar Lungu said on Thursday the country’s economy was expected to grow 3% this year, a slight reduction from the 3.2% growth previously forecast.

Speaking during a meeting with diplomats, he also said the fiscal deficit was expected to shrink from 6.5% in 2019 to 5.5% in 2020, while inflation would remain within the range of 6-8%.

Suzan O