Country Report Zambia April 2010

Outlook for 2010-11: Forecast summary

Forecast summary
(% unless otherwise indicated)
Real GDP growth5.
Gross industrial growth4.
Gross agricultural production growth2.
Consumer price inflation (av)12.413.4a10.09.3
Consumer price inflation (year-end)16.69.9a9.610.0
Short-term interbank rate19.122.1a19.218.5
Government balance (% of GDP)-1.5-3.5-2.7-2.4
Exports of goods fob (US$ m)4,957.04,375.06,118.36,874.2
Imports of goods fob (US$ m)4,555.03,735.14,706.25,412.2
Current-account balance (US$ m)-618.9-102.1-53.8-201.3
Current-account balance (% of GDP)-4.2-0.8-0.3-1.0
External debt (year-end; US$ bn)3.1b3.33.53.8
Exchange rate ZK:US$ (av)3,7465,046a4,5154,615
Exchange rate ZK:¥100 (av)3,6245,385a4,9685,128
Exchange rate ZK:€ (av)5,5067,029a6,1636,426
Exchange rate ZK:SDR (av)5,9527,815a6,9477,194
a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts.

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