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Zambia might not meet 2018 economic targets – CTPD

The Center for Trade Policy and Development (CTPD) says Zambia is unlikely to meet the economic targets for 2018.
The center has however stated that Zambia’s economy in the ending year 2018 has remained stable from January to date.
CTPD Head of Programmes Brian Mwiinga has told Money FM News that there have been various economic turbulences during the ending year 2018.
Mr. Mwiinga says the kwacha has this year lost some strengths as it is trading at K12 per single US dollar from the opening of the year at about K9 per dollar.
“This year we have seen highs and lows in terms of economic activities. We also saw the increase in the fuel prices,” He said.
He says Zambia has seen the increase in public debt which he says has affected the 2019 national budget as about 27 percent of the total budget will go towards debt servicing.
“However, we have seen some positives in the economy as inflation has remained stable in the single digit which is a positive thing,” he said.

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