Zambia’s economy expected to grow at 7%

52
Banner 3
Banner 3

The Moody’s Investors Service annual credit report has indicated that strong economic growth and robust government fiscal strength continue to support Zambia’s credit profile.

 

The report states that Zambia’s economy continues to register robust growth rates averaging 7.8 percent per annum since 2005.

 

“We expect that economic growth will remain at around the same level in the coming years, supported by the development of the infrastructure projects,” the report stated.

 

The report however states that the small size and relatively undiversified nature of Zambia’s economy means that it was vulnerable to adverse conditions in the agriculture sector and volatility in global copper prices.

 

“Government’s fiscal position is also strong, though deficits have increased and high dependence on a single commodity, copper, leaves Zambia exposed to adverse price movements,” read the report in part.

 

With Global Domestic Product estimated at 26.3 billion in 2014, Zambia’s economy is on par with the Sub-Saharan Africa median but ranks below the median for sovereigns globally.

 

Moody’s Investors Service expects that Zambia’s real economic growth will likely remain strong rising above seven percent in 2015, slightly higher than the government’s estimate for 2014 of more than 6.5 percent.

 

This is according to statement released to ZANIS in Lusaka today by Ministry of Finance Public Relations Officer, Chileshe Kandeta.

 

52 COMMENTS

  1. Hi there, after reading this remarkable paragraph i am as well glad to share my familiarity here with friends.

  2. de quelle manière rester motivé pour maigrirLe plus ardu lorsque l’on cherche à s’affiner, cela n’est pas de pratiquer un sport ou de choisir la bonne pilule magique (
    indice : elle n’existe pas ).

    Les changements d’habitudes sont le meilleur
    moyens de perdre du poids définitivement. On peut perdre des kilos à un rythme soutenu
    ( 2 à 3kg mensuellement ) tout en économisant sa motivation.

  3. A normal daily diet includes up to 2000 calories a day and
    will depend on the body mass index of the dieter. Author Info: – Author is from weight loss industry and has done
    lots of research from last decade over Weight Loss pills.
    Remember that structure develop during lengths of rest.

  4. However, the Internet Age has allowed a new frontier of lenders to come into the scene.
    Tip: If you are a teenager, it is important to understand that once your name
    is on a credit card or debit card, you are beginning to build up a credit history that will follow you for decades.
    The application procedure is lightning quick and can be completed in just
    a few minutes from a home or office computer.

  5. You really make it seem so easy together with your presentation however I to find this matter to be really something which I feel I would never understand.
    It kind of feels too complicated and extremely vast for me.
    I am having a look ahead in your next publish, I’ll
    attempt to get the dangle of it!

  6. All countries are expected by the West, on pain of possible sanctions, to adopt a
    uniform legal platform (including reporting on suspicious transactions and
    freezing assets) and to apply it to all types of financial intermediaries, not
    only to banks. Spencer is the founder of the American Border Patrol group based
    in Sierra Vista, Arizona. Worse case scenario you will press charges and sue and get four times back from the tow
    company what you were charged.

  7. The lighter the color of the fluid, healthier the placental fluid.
    This is further aggravated if your eldest is close to you.

    Nail pitting is a sign of health problem which needs proper diagnosis to get rid of.

  8. Thanks for the good writeup. It actually was a enjoyment account
    it. Glance complex to more added agreeable from you!
    By the way, how can we keep up a correspondence?

  9. Crunch the numbers–total the repairs done over the last
    6-9 months–then average the cost over the value of a routine monthly maintenance bill.
    This phenomenon sparked the emergence of voucher aggregating
    sites which seems to have helped retailers a good deal.
    We Are Next To The Border For To Make Your Border Moving & Storage Easy.

  10. I myself love to watch a good comedy whenever I can. Among all grains, millet contains the most abundant tryptophan. Black and white newborn portrait photography is classic and timeless, and allows for you to show all the soft cuddliness of a
    baby without worrying about them appearing too red or blotchy.

  11. 6 Review the quality management system (management review).
    But paying bonuses is not just a preoccupation for the big guys, with more and more
    SME’s financially incentivising their staff to achieve more.
    The requirements for the standards are changed over time depending on the need.

  12. Common, generalized symptoms of multiple sclerosis are: pronounced fatigue, body weakness, sensations of tingling,
    burning, pain, itching and numbness of the muscles, loss of dexterity and uncoordinated
    body movement. MS fatigue is considered by most of us (MSers) to be the worst part of living
    with this chronic illness. Medicaid is an assistance program
    for those age 65 and older that is federally and state funded.

  13. Really no matter if someone doesn’t know then its up to other people that they will assist,
    so here it occurs.

  14. grea isues altogether, you just received a emblem new reader.
    What would you recommend in regards to your poost that yyou just made a few days ago?
    Any sure?

  15. So if you want on this path for accomplishing your weight loss is resistance exercise.
    As with a little trick that helps you in losing the physical portion of your body and improve the
    quality of the exercise best healthy diet pills for women and building
    muscle tissue. Pay attention best healthy diet pills
    for women to slowly-but-surely strategies.

  16. This site was… how do I say it? Relevant!! Finally I have found something which
    helped me. Kudos!

  17. Should you wish to know what films are on Netflix or determine
    how and when Netflix is added to and also how well it works , then I got you spelled
    out

Leave a Reply to Vance Cancel reply