International Reserves in Zambia
Zambia - International ReservesThe economic fallout from Covid-19 continued to batter the economy in the second quarter, after activity likely contracted sharply in the opening quarter of the year amid lingering drought conditions. The PMI plummeted to a record low in April, as output, new orders and employment nosedived, while business sentiment soured, hinting at an unprecedented decline in private sector activity at the outset of Q2. Consumer demand seems to have been extremely hard hit, due to strict lockdown measures to contain the pandemic and a sharp currency depreciation though late May. On the external front, the picture is equally grim as low copper prices due to collapsing global demand seemingly depressed exports through May. Meanwhile, analysts are questioning whether the IMF will reject the request for support due to concerns that the country’s debt is unsustainable.
Zambia - International Reserves Data
|International Reserves (USD)||3.0||2.4||2.1||1.6||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Zambia International Reserves Chart
Source: IMF and FocusEconomics calculations
|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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