Zambia Economic Outlook
November 13, 2018Recently-released data showed that the economy grew 3.9% in annual terms in the second quarter, following Q1’s marked deceleration in growth to 2.7%. Despite a slowdown in the crucial mining and quarrying sector, a notably swifter expansion in manufacturing output, combined with an acceleration in wholesale and retail trade, as well as in construction, drove the upturn. Export growth remained strong in the third quarter, with copper prices largely stable throughout the period. Private sector activity, however, deteriorated significantly at the outset of the fourth quarter, as a weaker kwacha and higher fuel costs weighed on demand. Investor confidence has been hard hit by the ongoing stalemate with the IMF and the aid freeze in September owing to corruption allegations.
Zambia Economic GrowthBuoyant export growth should propel the economy next year. Headwinds to the outlook arise from a hefty external debt burden, with a depreciation in the kwacha exacerbating debt-servicing costs, which puts the economy at increasing risk of debt distress and further credit rating downgrades. Met the why particular panelists expect GDP to grow 3.6% in 2019, which is down 0.5 percentage points from last month’s forecast, and 4.1% 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 %||Dec 11|
|Exchange Rate||11.90||0.0 %||Dec 11|
|Stock Market||0.1||0.0 %||Dec 11|
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