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Zambia Cuts Growth Forecasts As El Niño And Gulf War Cloud Outlook

Zambia lowered its economic growth forecasts for 2027 and 2028 to 4.9 percent and 5.0 percent. The previous projections were 6 percent and 7.5 percent. Minister of Finance and National Planning Situmbeko Musokotwane cited the threat El Niño poses to agriculture and the prolonged impact of the Gulf war. [....]