Zambia Cuts Economic Growth Outlook as El Niño Threat Builds

Exclusive Zambia Cuts Economic Growth Outlook as El Niño Threat Builds Zambia trimmed its growth forecasts for the next two years due to the mounting economic threat that El Niño poses to the copper-rich nation, as well as the prolonged impact of the Iran war. The economy will expand by 4.9% in 2027 and 5% the following year, Finance Minister Situmbeko Musokotwane said in an interview on the sidelines of the International Monetary Fund Annual Meetings in Bangkok on Tuesday. That compares to a Sept. 26 forecast of 6% for next year and 7.5% for 2028.