By NATION REPORTER
ECONOMIST Kelvin Chisanga has urged Government to urgently adopt immediate strategies to save the economy from collapsing.
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Mr Chisanga said the continued dwindling of the economy has led to an escalation in the cost of living.
He said there is need for a policy shift from a three-month import cover macro-objective to a one-year budget cover of US$10 billion, aiming to provide stability and a cushion against economic fluctuations.
Mr Chisanga said this shift will establish a stronger financial foundation, reduce short-term vulnerabilities, and be a bolster resilience against unforeseen market challenges or disruptions.
And Mr Chisanga said to tackle problems like tight liquidity, limited economic growth, and unstable macroeconomic indicators, the Bank of Zambia should consider storing strategic metals like gold and copper as reserves instead of relying solely on the dollar which keeps on fluctuating.
He said gold is the only hope to bring back the economy to its knees.
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