Zambia Infrastructure Report Q2 2016
BMI View: The construction sector will slow in 2016, after four consecutive years of double-digit growth,as public spending and investment into the mining sector slow on the back of lower commodity prices. Weexpect a more moderate, yet healthy, expansion over our 10-year forecast to 2025, driven by continuedinvestment into transport and energy projects.
Cutbacks in Zambia's crucial mining sector and in public spending will see growth slow to a real rate of6.01% in 2016, down from 10.10% in 2015.
Overspending and falling copper prices have restricted the government's ability to invest in infrastructure,and we expect capital spending rather than current to be cut more drastically in the run up to the 2016elections.
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