Zambia Economic Brief, June 2016, Issue 7

The external environment confronting Sub-Saharan Africa (SSA) is expected to remain difficult in the near term. Commodity prices are expected to remain low, and in 2016, growth in the region isforecast to drop to 2.5 percent from 3.0 percent in 2015 (World Bank forecast). There is considerable variation in economic performance across countries, with the slowdown concentrated among the region's largest commodity exporters. Growing economic vulnerabilities, amid weakened policy buffers, continue to pose challenges for policy makers. The balance of risks to the outlook remains tilted to the downside. The global risks include: (i) a sharper than expected slowdown in China (as the country rebalances growth toward consumption and services), (ii) a further decline in commodity prices, and (iii) tighter global financing conditions that would result in higher borrowing costs and reduced sovereign bond access for emerging and frontier countries. On the domestic front, delays in adjustment to external shocks in affected countries would create policy uncertainties that could weigh on investor sentiment and weaken the recovery.

Bibliographic Details

Main Author:	World Bank Group
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Lusaka 2016-06-01
Subjects:	AUCTION, TARIFFS, MONETARY POLICY, DEFICIT, DURABLE GOODS, FOREIGN DEBT, STOCK, FISCAL DEFICITS, INTEREST, FOREIGN EXCHANGE MARKET, FOREIGN CURRENCY RISK, GOVERNMENT SPENDING, EXCHANGE, GOVERNMENT REGULATION, BALANCE OF PAYMENTS, ECONOMIC DEVELOPMENTS, INTERNATIONAL BOND MARKET, LIQUIDITY, DEVELOPING COUNTRIES, DOMESTIC MARKET, DOMESTIC DEBT MARKET, EXPORTERS, REVENUES, FISCAL POLICY, BONDS, TAX, CASH TRANSFER, INCOME TAX, LONG-TERM INVESTMENT, FOREIGN EXCHANGE MARKETS, RESERVE, MARKET ACCESS, CENTRAL BANKS, INTERNATIONAL BANK, INFLATION, DEBT BURDENS, DEBT BURDEN, DEBT INTEREST, CREDIBILITY, EMERGING MARKET ECONOMIES, BUDGET, CENTRAL BANK, POLICY RESPONSE, TRADE BALANCE, OIL PRICES, FINANCIAL SUSTAINABILITY, AGRICULTURAL COMMODITIES, CURRENCY, POLICY RESPONSES, DISBURSEMENT, COMMERCIAL BANK, INCOME GROWTH, INFLATIONARY PRESSURES, BOND ISSUANCE, FOREIGN CURRENCY RISKS, TRADING, OPTIONS, INTERNATIONAL BOND, INTEREST RATES, MONETARY FUND, CURRENCY DEPRECIATIONS, FLEXIBLE EXCHANGE RATE, SOVEREIGN BOND, EMERGING MARKET, MARKETS, DEBT, PRIVATE INVESTMENT, RETURN, INTERNATIONAL DEVELOPMENT, INFLATION RATE, DEFICITS, INTERNATIONAL DEBT, BANK LIQUIDITY, DOMESTIC DEBT, DIRECT INVESTMENT, BORROWING COSTS, DEBT SERVICE, GROSS DOMESTIC PRODUCT, CASH TRANSFERS, MONETARY AUTHORITIES, COMMODITY PRICE, FINANCE, FIXED INTEREST RATES, FOREIGN CURRENCY, PUBLIC INVESTMENT, MARKET ECONOMIES, MACROECONOMIC STABILIZATION, CURRENT ACCOUNT DEFICITS, TAXES, PRICE CHANGE, FISCAL DEFICIT, EXPENDITURE, DEBT LEVELS, EMERGING MARKETS, INCOME TAXES, INVESTORS, CURRENCY RISKS, FEDERAL RESERVE, INTEREST PAYMENTS, GOOD, FIXED INTEREST, TRANSPARENCY, BOND AUCTION, MARKET DATA, FINANCIAL CRISIS, FUTURE, FOREIGN DIRECT INVESTMENT, GOVERNMENT SUBSIDY, PURCHASING POWER, INVESTOR CONFIDENCE, GOVERNMENT EXPENDITURE, INVESTMENT PROJECTS, BOND MARKET, REPAYMENT, EXPENDITURES, ISSUANCE, PRIVATE PARTIES, T-BILL, SHARES, BALANCE SHEET, T-BILL RATE, MARKET, FOREIGN EXCHANGE, DEBT RATIOS, PUBLIC DEBT, MARKET CONFIDENCE, CURRENCIES, GOVERNMENT POLICIES, DEBT MARKETS, ARREARS ACCUMULATION, DEBT MARKET, INVESTOR, GOODS, GOVERNMENT SUBSIDIES, DURABLE, STOCKS, INVESTMENT, BOND, EUROBOND, COMMERCIAL BANKS, SHARE, POVERTY, INTEREST COSTS, TARIFF, CURRENCY RISK, REVENUE, INTERNATIONAL DEBT MARKETS, EXTERNAL DEBT, INVESTMENTS, FINANCIAL SUPPORT, LENDING, PUBLIC SECTOR DEBT, CREDIT GROWTH, EXCHANGE RATE, GOVERNMENT INVESTMENT, DEBT SERVICING, COMPETITIVE BIDDING, COMMODITY PRICES, ARREARS, INTERNATIONAL INVESTORS, EXTERNAL BORROWING, TAX OBLIGATIONS,
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26511061/zambia-economic-brief-beating-slowdown-making-every-kwacha-count https://hdl.handle.net/10986/24661
Tags:	Add Tag No Tags, Be the first to tag this record!