Macroeconomic Forecast Zambia

September 2008 | Macroeconomic Forecasts

Provisional merchandise trade receipts in H108 came in at US$2.7bn for exports and US$2.4bn for imports, roughly in line with our US$5.2bn exports forecast and US$4.1bn imports forecast for 2008, especially if trade slows in H208 on the back of political uncertainty. Past 2008, exports are forecast to grow from US$4.6bn in 2007 to US$7.2bn by 2012, while import demand is forecast to continue rising rapidly, to US$6.0bn by 2012, as capital goods requirements for foreign firms continue to mount.

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