International Reserves in Zambia
Zambia - International ReservesThe economy grew at the weakest pace in three-and-a-half years in the second quarter. Reduced demand from overseas markets hurt copper exports, causing mining activity to contract for the first time in over two years. Meanwhile, the worst drought in nearly four decades severely curtailed output at hydropower dams, which accounts for the lion’s share of overall electricity production, swinging overall energy output to decline in the quarter. Turning to the third quarter, exports plunged more sharply, while severe drought conditions persisted, signaling that activity remained downbeat. In other news, Zesco Limited, the country’s state-owned power utility, put in a bid to the Energy Regulation Board in early November to more than double electricity tariffs on the grounds that it would enable it to plug the energy shortfall. Associations for manufacturers and consumers, however, have pushed back against the proposed hike.
Zambia - International Reserves Data
|International Reserves (USD)||2.7||3.1||3.0||2.4||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Zambia International Reserves Chart
Source: IMF and FocusEconomics calculations
|Bond Yield||32.50||0.0 %||Sep 04|
|Exchange Rate||13.11||0.0 %||Sep 04|
|Stock Market||0.4||0.0 %||Sep 04|
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