Zambia’s Economy Expands at Triple the Pace Forecast by the IMF

Zambia’s economy grew more than expected last year, eclipsing estimates by the government and the International Monetary Fund, after a surge in fourth-quarter output.

Preliminary data shows gross domestic product expanded 4%, compared with 5.4% a year earlier, acting Statistician-General Sheila Mudenda told reporters in Lusaka, the capital, on Thursday. That was way better than the 1.2% expected by the IMF and President Hakainde Hichilema’s administration.