In 2017, Zambia's economic growth recovered to an estimated 3.9% (from 3.8% in 2016) on the back of a bumper crop harvest and better electricity supply. Growth is projected to strengthen to above 4%in 2018 and over the medium-term. The clearance of arrears and the pursuit of accommodative monetary conditions should bolster the recovery of the financial sector and unlock consumption and investment lending. High international copper prices and improved domestic production from newer and recently refurbished mines is expected to support exports.
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