Zambia Economic Outlook
February 20, 2018Economic growth likely accelerated in the final quarter of last year, powered by a surge in exports over the previous quarter. Higher overseas sales of copper—the nation’s top export commodity—drove the upturn. Notably, the trade balance swung to surplus in the fourth quarter from a deteriorating deficit in the first three quarters of 2017. The external sector’s improved contribution to growth for the third consecutive month in December came despite reduced exports in the month, as a marked contraction in imports widened the trade surplus. Seeking to bring the nation’s debt dynamics on track amid warnings from the IMF, the cabinet approved plans to restructure loans owed to China on 13 February. The debt will be financed by sourcing funds directly from Chinese lenders to cut borrowing costs.
Zambia Economic GrowthAn upturn in growth is expected this year thanks to buoyant investment inflows, robust agricultural and mining output, and a healthy external sector. That said, risks continue to stem from the country’s sizeable external debt. FocusEconomics panelists expect economic growth of 4.6% in 2018, which is unchanged from last month’s forecast, and 4.6% again in 2019.
Zambia Economy Data
5 years of Zambia economic forecasts for more than 30 economic indicators.
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|Bond Yield||19.13||0.0 %||Feb 22|
|Exchange Rate||9.83||0.0 %||Feb 22|
|Stock Market||0.2||0.0 %||Feb 22|
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