2019 economic stance positive


ZAMBIA’S economic outlook for next year remains positive, although domestic and external risks could hamper growth, Zanaco predicts.
Bank head of research Patrick Chileshe said economic fundamentals such as the Kwacha point towards stability, although the local currency could depreciate if policy intervention is not urgently taken.
“Higher holding of domestic assets by foreign investors, rising external debt to constantly create room for rumours and its adverse effects, and rising crude oil prices are risks to exchange rate stability and the overall economy,” Dr Chileshe said.
He said failure to resolve fiscal challenges, unbundling arrears, introduction of sales tax and the projected poor rainfall could also hamper the anticipated growth rate of 4.1 percent in 2019.
Dr Chileshe said during the presentation of the bank’s end of the year economic review that trade wars and tight global financial conditions could also affect the growth projections

Send Your Letters

Facebook Feed