Macroeconomic Forecast Zambia

We are forecasting a decline in Zambia's fiscal deficit in the medium term, from 2.9% of GDP in 2010 to 1.4% in 2011. With high levels of foreign direct investment flowing into the manufacturing, mining and energy sectors, infrastructure development will require less government financing. Moreover, sustained copper exports will continue to boost the government's coffers, as will rising incomes. Consequently, Zambia's external debt will also fall, which will free up even more money for economic development projects.

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