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Analysis by Region - Emerging Markets - Zambia

Publisher Oxford Economics
Published Nov 22, 2022
Length 6 Pages
SKU # OFE17532192

Description

Analysis by Region - Emerging Markets - Zambia

We have revised our GDP growth forecast for 2022 to 2.4% from 2.1%, reflecting the impact of a slower-than-expected pickup in inflation and greater kwacha resilience on household expenditure and private sector consumption. That being said, we retain a below-consensus forecast on this year's growth owing to our expectation for a narrowing goods trade surplus in H2 and the passthrough effects of fiscal austerity. Weak performance in the extractive sector is expected to persist in the short term.

Table of Contents

6 Pages
Zambia: Sticking to austerity guns as headwinds strengthen in 2023
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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