Business

Economic outlook positive – COMESA

Sindiso Ngwenya

ANGELA CHISHIMBA, Lilongwe
ZAMBIA’S economic outlook remains good and headed for growth supported by positive macroeconomic fundamentals, the Common Market for Eastern and Southern Africa (COMESA) has said.
COMESA Secretary General Sindiso Ngwenya said here that one of the indicators of economic growth is the stability in the exchange rate.
The interregional bloc’s positive assessment comes barely days after Stanbic Bank Zambia and Standard Chartered Bank described the country’s economy as stable, healthy and headed for a growth of up to eight percent by 2020.
Mr Ngwenya was speaking in an interview on the sidelines of the Southern Africa Regional Integration Stakeholder Forum organised by the United Nations Economic Commission for Africa (UNECA).
Macroeconomic fundamentals include topics that affect an economy at large http://epaper.daily-mail.co.zm/

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