Fiscal Balance in Zambia
Zambia - Fiscal BalanceGrowth likely remained sluggish in the third quarter after slowing to a three-and-a-half-year low in the second quarter, against the backdrop of contracting mining sector activity. Persistently severe drought conditions seemingly continued to restrain output at the country’s all-important hydropower dams while an even sharper contraction in exports signaled that overseas demand for copper remained subdued. Turning to the fourth quarter, the picture remains bleak. The kwacha depreciated markedly amid increasing concerns over the state of Zambia’s public finances which, coupled with rising inflation and deteriorating sentiment, likely bruised private consumption and investment activity in Q4. On a slightly less negative note, merchandise exports contracted at a much softer rate in October–November compared to Q3, while the PMI rose, on average, from Q3 to Q4.
Zambia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.7||-9.5||-6.1||-7.7||-8.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||33.00||0.0 %||Dec 31|
|Exchange Rate||14.09||0.0 %||Jan 01|
|Stock Market||0.3||0.0 %||Jan 06|
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