Macroeconomic Forecast Zambia

May 2008 | Macroeconomic Forecasts

BMI View: The Zambian kwacha continues to appreciate towards our end year target of ZMK3,400/US$, buoyed by high copper prices. We see continued kwacha appreciation through our forecast period, towards a 2009 target of ZMK3,200/US$, as foreign investment and expanded copper production continues.

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