The outlook for private consumption in Zambia remains quite strong. Our Africa team is forecasting real GDP growth of 7.1% in 2013, among the strongest in the world. This is likely to provide a strong impetus to food and drink spending, with Zambia continuing to be one of the region’s most attractive investment destinations. Key Forecasts ? Total food consumption growth (local currency) in 2013: 7.8%. Compound annual growth rate to 2017: 9.1%. ? Mass grocery retail sales growth in 2013: 13.5%. Compound annual growth to 2017: 14.3%.
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