Zambia Economic Outlook
October 16, 2018The economy likely lost traction in the third quarter. While exports picked up in August, imports accelerated at a markedly swifter pace in the month. Thus, the external sector likely dragged on growth more severely in Q3 compared to the previous quarter. Moreover, private sector activity contracted more sharply in September than in August, reflected by a further drop in the PMI below the critical 50-point threshold which separates improvement from deterioration in business conditions. After some mining companies abandoned expansion plans over the government’s proposal to introduce new mining duties and higher royalties to help reduce the escalating debt burden, which could lead to lower copper output, the Finance Ministry announced on 7 October that it was open to dialogue with mining companies over the change in the tax regime.
Zambia Economic GrowthGrowth is expected to accelerate next year on the back of a solid performance by the external sector. Rapidly rising external debt servicing costs against the backdrop of a weakening kwacha continue to pose downside risks to the outlook. Met the why particular panelists expect GDP to grow 4.1% in 2019, which is down 0.4 percentage points from last month’s forecast, and 4.4% in 2020.
Zambia Economy Data
5 years of Zambia economic forecasts for more than 30 economic indicators.
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|Bond Yield||26.00||0.0 %||Oct 17|
|Exchange Rate||11.93||0.0 %||Oct 18|
|Stock Market||0.4||0.0 %||Oct 11|
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