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Zambia’s Lungu sees single-digit inflation, 2016 GDP growth of 3.7%

Comments (0) Africa, Business, Latest Updates from Reuters

LUSAKA (Reuters) – Zambian President Edgar Lungu said on Friday he expected inflation in Africa’s second-biggest copper producer, currently running at almost 22 percent, to slow to single digits “within months”.

Lungu, who faces a tough election challenge in August, also said in a televised press conference that economic growth was seen accelerating slightly in 2016 to 3.7 percent from 3.5 percent last year.


(Reporting by Chris Mfula; Writing by Ed Stoddard; Editing by James Macharia)

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