Zambia Economic Outlook
January 22, 2019Despite a moderation in the all-important mining and quarrying sector, the copper-dependent economy accelerated in the third quarter on the back of notable expansions in financial and insurance activities, and the information and communication sector. Annual GDP growth climbed to 5.0% in Q3 from 3.9% in Q2. Momentum likely waned going into the final quarter, however, due to a contraction in exports amid slowing global growth. Moreover, private sector activity likely shrank again, with higher fuel costs and weakness in the kwacha weighing on demand, as the PMI remained in pessimistic territory.
Zambia Economic GrowthThe economy is expected to lose pace this year, with incoming higher mining duties aimed at bringing down the rising public debt curbing mining output. Headwinds to the outlook arise from a hefty external debt burden and increasing likelihood of debt distress. Deteriorating investor confidence following September’s lending freeze, which sparked a sharp selloff in the kwacha, continue to pose downside risks. Met the why particular panelists expect GDP to grow 3.5% in 2019, which is unchanged from last month’s forecast, and 3.6% 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 %||Feb 14|
|Exchange Rate||11.97||0.0 %||Feb 14|
|Stock Market||0.1||0.0 %||Feb 14|
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