Wednesday, 20 November 2013

Zambia Food and Drink Report Q1 2014

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Zambia Food and Drink Report Q1 2014
Nov 20th 2013, 00:00

Price: $ 1295  

BMI View: Continued sluggishness in the global commodity markets has weighed on the Zambian economy and has led us to revise our 2013 real GDP growth forecast to 6.3% (down from previous forecast of 7.3%). Recent removal of government subsidies for fuel and maize is expected to drive inflation upwards, increasing consumer spending on non-discretionary goods. Despite these short-term challenges, we maintain an optimistic outlook for the country's food and drink industry over our forecast period. With strong economic growth projected, a favourable demographic profile and a gradually emerging middle class, Zambia remains one of the most attractive investment destinations in the region. Key Forecasts ? Total food consumption growth (local currency) in 2013: 8.0%; compound annual growth rate (CAG ...

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