By Kaziwe Napanje
The Economics Association of Zambia (EAZ) says the government’s projected 6.2 percent Gross Domestic Product (GDP) growth is achievable, citing a positive economic trajectory supported by favourable copper prices and the improved performance of the Kwacha against the United States dollar.
Speaking to Mafken News, EAZ Copperbelt Chairperson Mathews Muyembe said recent economic trends over the past quarter point to growing stability, which strengthens confidence in the government’s growth outlook.
Mr. Muyembe noted that the anticipated growth will also be driven by increased exports, a good agricultural harvest, and improved power supply. He explained that the stable electricity situation has enabled productive sectors of the economy to operate at optimal levels.
He further observed that the absence of external shocks, such as geopolitical tensions that often drive up fuel prices, has contributed to a stable economic environment. Mr. Muyembe added that with oil prices remaining steady, Zambia could surpass the government’s forecast and potentially record GDP growth of up to 6.5 percent.
