Content type

Brighter Export Outlook Will Buoy Zambian Growth In 2024

Country Risk / Zambia / Tue 16 Jan, 2024

Key View

  • We forecast that Zambian real GDP growth will accelerate from an estimated 3.5% in 2023 to 4.8% in 2024.
  • While improving investor sentiment and higher copper prices will support fixed investment growth, elevated inflation and tight credit conditions will weigh on private consumption.
  • We forecast that in 2025, economic growth
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Zambia Alcoholic Drinks Outlook: Rising Incomes To Support Diversification, But Beer To Remain Dominant Category

Food & Drink / Zambia / Mon 14 Aug, 2023

Key View

  • We hold a positive outlook for alcoholic drinks spending in Zambia, with growth driven by the market's favourable demographic profile, rising disposable incomes, as well as increasing levels of local production.
  • Beer will be the largest consumption category due to its affordability, while spirits consumption growth will be steady
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Zambia's Current Account Surplus Will Narrow In 2023

Country Risk / Zambia / Fri 04 Aug, 2023

Key View

  • We project that Zambia’s current account surplus will narrow from our estimate of 4.3% of GDP in 2022 to 3.2% of GDP in 2023.
  • This will be underpinned by a shrinking trade surplus, as falling copper production weighs on exports, while high oil prices keep the import bill elevated.
  • That said, improved investor sentiment following
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Zambian Growth To Pick Up Following Weak Q123 Print

Country Risk / Zambia / Wed 05 Jul, 2023

Key View

  • We forecast that Zambian real GDP growth will slow to 3.7% in 2023, from 7.0% in 2022.
  • While a recovery in copper production will see export growth return to positive territory, a slowdown in private consumption will cap overall growth.
  • In 2024, we project that growth will recover slightly to 4.0%, supported by an uptick in
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Recovering Mining Exports To Buoy Zambian Growth In 2023

Country Risk / Zambia / Tue 10 Jan, 2023

Key View

  • At Fitch Solutions, we have revised down our 2023 real GDP growth forecast for Zambia from 3.7% to 3.5% due to the likely impact of recently introduced power cuts on private consumption.
  • We still see growth rising slightly from an upwardly revised 3.4% in 2022, as mining exports rebound and investment in the mining sector
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