Zambia Budget Bulletin 2012: Priorities aligned

In the recent past Zambia has seen significant improvement in its economic performance.

The recent IMF report on the worlds fastest growing economies indicated that in 2011 Zambia was ranked as 9th fastest growing economy in the world and 6th fastest in Africa.

GDP growth for 2011 for Sub-Saharan Africa and the global economy are projected at 5.2% and 4% respectively. Zambia however is expected to grow by 6.5% in 2011. This is in line with the initial projection of 6.4%.

Whilst the increase in global food and energy prices continue to have an adverse impact, Zambia has nevertheless managed to maintain single digit inflation - 8.7% in October 2011 compared to 7.9% in December 2010.

Download the attached 2012 Zambia Budget Bulletin for more.