Economic outlook sound – BoZ boss

BOZ building.

BANK of Zambia (BoZ) deputy governor for operations Bwalya Ng’andu says Zambia’s economic outlook is bright because of the sound fiscal policies being implemented by Government in various sectors.Dr Ng’andu said the economy is expected to continue to register gross domestic product (GDP) growth of above four percent, premised on high copper prices, stable inflation and stability in foreign exchange market.
He said growth prospects are characterised by potential fragility in view of persistent contraction of credit to the private sector due to the crowding out effect of fiscal deficits and rising non-performing loans.

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