Macroeconomic Forecast Zambia

October 2007 | Macroeconomic Forecasts

BMI View: Global demand for copper has risen by 4.9% year-to-date and should remain robust thanks to growing appetite from emerging markets - this will clearly support both economic growth and the kwacha. Although the overall forecast scenario remains bullish, the government cannot afford to relax on the inflation front: consumer price inflation slowed slightly in September (y-o-y) to 9.3%, but a return to double digits is a real possibility in the coming months.

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