{"id":58832,"date":"2024-02-26T22:28:38","date_gmt":"2024-02-26T22:28:38","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges"},"modified":"2024-02-27T21:15:54","modified_gmt":"2024-02-27T21:15:54","slug":"economist-forecasts-economic-rebound-for-zambia-despite-challenges","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges","title":{"rendered":"Economist Forecasts Economic Rebound for Zambia Despite Challenges"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Despite prevailing challenges, economist Amos Chibinda, based in Livingstone, remains optimistic about Zambia\u2019s economic prospects, citing positive key indicators that signal a potential rebound in the near future.<\/p>\n

Chibinda\u2019s assessment comes in light of Zambia\u2019s economic performance in 2023, which saw a growth rate of 4.3%, slightly lower than the previous year\u2019s 4.7%. Despite this slight decrease, Chibinda emphasized the significance of maintaining positive growth amidst challenging circumstances.<\/p>\n

Notably, Zambia managed to achieve this growth despite facing a considerable reduction in copper production, a crucial source of foreign exchange earnings for the country. Chibinda attributes this resilience to the guaranteed production commitments from major mining entities such as Mopani Copper Mines, Konkola Copper Mines, First Quantum, and Barrick.<\/p>\n

However, Chibinda cautions that the looming threat of hunger, exacerbated by drought conditions, poses a significant risk to the projected economic growth for the current year. He emphasizes the importance of proactive measures to address food security concerns and mitigate their impact on the economy.<\/p>\n

In addressing broader economic challenges, Chibinda urged the UPND government to expedite negotiations for debt restructuring with private lenders. He emphasizes that ensuring adequate liquidity in the economy is essential for investing in key sectors such as manufacturing and tourism, which are crucial for sustaining the positive economic trajectory.<\/p>\n

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

Africa-Press – Zambia. Despite prevailing challenges, economist Amos Chibinda, based in Livingstone, remains optimistic about Zambia\u2019s economic prospects, citing positive key indicators that signal a potential rebound in the near future. Chibinda\u2019s assessment comes in light of Zambia\u2019s economic performance in 2023, which saw a growth rate of 4.3%, slightly lower than the previous year\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":58830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-58832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nEconomist Forecasts Economic Rebound for Zambia Despite Challenges - Zambia<\/title>\n<meta name=\"description\" content=\"Despite prevailing challenges, economist Amos Chibinda, based in Livingstone, remains optimistic about Zambia\u2019s economic ...\" \/>\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\/economist-forecasts-economic-rebound-for-zambia-despite-challenges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economist Forecasts Economic Rebound for Zambia Despite Challenges\" \/>\n<meta property=\"og:description\" content=\"Despite prevailing challenges, economist Amos Chibinda, based in Livingstone, remains optimistic about Zambia\u2019s economic ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges\" \/>\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=\"2024-02-26T22:28:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-27T21:15:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708974367.38719.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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=\"2 minutes\" \/>\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\/economist-forecasts-economic-rebound-for-zambia-despite-challenges#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Economist Forecasts Economic Rebound for Zambia Despite Challenges\",\"datePublished\":\"2024-02-26T22:28:38+00:00\",\"dateModified\":\"2024-02-27T21:15:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges\"},\"wordCount\":233,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708974367.38719.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-forecasts-economic-rebound-for-zambia-despite-challenges\",\"name\":\"Economist Forecasts Economic Rebound for Zambia Despite Challenges - 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