Zambia Food & Drink Q3 2018
We maintain that growth in Zambia’s food and drink sector will remain strong in 2018 and across the forecast period.Improving economic growth, relatively low inflation and a brighter outlook for employment will lead to improving growth inhousehold spending. In the short term, however, spending will be held back by less promising private consumption growth –forecast at just 1.7% in 2018. Although essentials will continue to dominate Zambian food and drink spending patterns, thecountry’s highest earners will start to drive premiumisation trends.
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