Home Economics The performance of Zambia’s economy in 2018 is fair-EAZ

The performance of Zambia’s economy in 2018 is fair-EAZ

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Dr. Lubinda Haabazoka
Dr. Lubinda Haabazoka

The Economics Association of Zambia -EAZ- has described the performance of Zambia’s economy in 2018 as fair compared to other Southern African Countries.

EAZ President Lubinda Haabazoka says most countries in the region have recorded economic growth of three percent compared to Zambia whose growth is at about 4 percent despite challenges such as increase in the fuel prices which was caused by high crude prices on the international market at that time.

Dr. Haabazoka has told ZNBC news in an interview that going forward into 2019, the organisation is optimistic that government will manage to stabilize the economy even further.

Meanwhile, Dr. Haabazoka has advised the Mining sector to comply with the new mining tax regime.

He said the new taxes introduced by government will enhance government capacity to service its foreign debt as well as fostering the nation’s economy.

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