{"id":15712,"date":"2022-02-08T11:51:38","date_gmt":"2022-02-08T11:51:38","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year"},"modified":"2022-02-08T12:17:47","modified_gmt":"2022-02-08T12:17:47","slug":"zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year","title":{"rendered":"Zambia projects 3.3% GDP growth in 2021, targets 3.5 GDP growth this year"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>The Zambian government has projected a modest 3.5 percent rise in its Gross Domestic Product (GDP) for 2022, a small rise from the 3.3 expected to have been attained last year. This is contained in the 2022-2024 Medium Term Budget Plan released by the Ministry of Finance.<\/p>\n

By 2024, the country\u2019s GDP is expected to rise to 4.4 percent following strategic interventions in the agriculture, tourism, mining, manufacturing, energy, and transport sectors.<\/p>\n

It said the economic outlook for 2022 and the medium term is more positive as the pandemic wanes although there are challenges of slow growth, high inflation, and high debt levels exacerbated by the after-effects of the Covid- 19 Pandemic.<\/p>\n

\u201cThe macroeconomic objectives over the medium term will be aimed at addressing these challenges in order to restore macroeconomic stability, attain fiscal and debt sustainability, restore economic growth and improve human development,\u201d the paper reads.<\/p>\n

The 3.3 percent projected growth in 2021 was due to favourable performance in the agriculture, energy, construction, and Information and Communication Technology sectors, based on performance in the first three quarters of the year.<\/p>\n

The mining sector was projected to record lower output relative to 2020, as open-pit mines faced operational challenges due to heavy rains in the preceding season, coupled with reduced ore grades at some mines.<\/p>\n

Tourism activities were projected to remain low, on account of the resurgence in the COVID-19 pandemic which had led to low international tourist arrivals.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. The Zambian government has projected a modest 3.5 percent rise in its Gross Domestic Product (GDP) for 2022, a small rise from the 3.3 expected to have been attained last year. This is contained in the 2022-2024 Medium Term Budget Plan released by the Ministry of Finance. By 2024, the country\u2019s GDP […]<\/p>\n","protected":false},"author":84,"featured_media":15711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,235,233],"class_list":["post-15712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZambia projects 3.3% GDP growth in 2021, targets 3.5 GDP growth this year - Zambia<\/title>\n<meta name=\"description\" content=\"The Zambian government has projected a modest 3.5 percent rise in its Gross Domestic Product (GDP) for 2022, a small ris ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zambia projects 3.3% GDP growth in 2021, targets 3.5 GDP growth this year\" \/>\n<meta property=\"og:description\" content=\"The Zambian government has projected a modest 3.5 percent rise in its Gross Domestic Product (GDP) for 2022, a small ris ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-08T11:51:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-08T12:17:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/02\/img-62025f3c2af10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zambia projects 3.3% GDP growth in 2021, targets 3.5 GDP growth this year\",\"datePublished\":\"2022-02-08T11:51:38+00:00\",\"dateModified\":\"2022-02-08T12:17:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year\"},\"wordCount\":252,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/02\/img-62025f3c2af10.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-projects-3-3-gdp-growth-in-2021-targets-3-5-gdp-growth-this-year\",\"name\":\"Zambia projects 3.3% GDP growth in 2021, targets 3.5 GDP growth this year - 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