• 2020 Real GDP performance shows a negative 3 percent.
• Annual percentage change in inflation as measured by consumer price is projected at 15.2 percent in 2022.
• Global economy is projected to grow 5.9 percent in 2021.

International Monetary Fund (IMF) 2021 World Economic Outlook (WEO) shows Zambia is a net creditor on Net External Position and that it has reached the completion point, which allows it to receive the full debt relief committed to at the decision point among Heavily Indebted Poor Countries.

Further the IMF WEO report obtained by Money FM News indicated that Per Capita Income Classification, Zambia is is classified as an emerging market and middle-income economy or low-income developing country.

The landlocked country was also listed in the same report on the Sub-Saharan African countries of Emerging Market and Developing Economies, by Region and Main Source of Export Earnings of non-Fuel Primary Products.

Meanwhile, the IMF has projected 1.percent Real Gross Domestic Product annual percentage change for Zambia in 2021, 1.1 percent 2022 and 1.5 percent in 2026.

2020 Real GDP performance shows a negative 3 percent under the category of emerging markets and developing economies.

However annual percentage change in inflation as measured by consumer price is projected at 23.2 for 2021 and 15.2 percent in 2022.

The IMF report also projected Zambia’s current account balance percent of GDP to 13.5 percent in 2021, 14.9 percent in 2022 and 13.2 percent in 2026.

And the IMF said the global economy is projected to grow 5.9 percent in 2021 and 4.9 percent in 2022 “0.1 percentage point lower for 2021 than in the July 2021”