Money in Zambia
Zambia - MoneyRecent data suggests that the economy entered a downturn in the third quarter. The PMI slid below the 50-point threshold to a six-month low of 49.0 in August, signaling a contraction in private sector business activity. Reduced overseas sales of copper drove the monthly decline in merchandise exports in July, exacerbated further by lower copper prices which were hit by the intensifying U.S.–China trade dispute. At the end of August, S&P Global Ratings downgraded Zambia’s credit rating from B to B– owing to the country’s rapid accumulation of external debt. The government’s recently unveiled Medium-Term Expenditure Framework sets the fiscal course until 2021, with a view to improving fiscal metrics, and projects an increase in mineral royalties and mine-profit tax revenue.
Zambia - Money Data
|Money (annual variation in %)||11.8||11.3||24.9||0.1||20.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||24.00||0.0 %||Sep 20|
|Exchange Rate||11.53||0.0 %||Sep 20|
|Stock Market||0.3||0.0 %||Sep 20|
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