THE relief measures put in motion thus far will ameliorate the financial strain in critical and other sectors in the wake of the ravaging Covid-19 pandemic.Zambians, through Government, are the largest stakeholders in the economic affairs of the country although the economy is private-sector driven.Therefore, it is only reasonable that the government has adjusted fiscal and monetary policies to provide relief and incentives; economic growth has slowed down.The adjustments will not only benefit the critical sectors but will also benefit citizens at the household level.It is now apparent that the global economy is on a downward trend, particularly because of the pandemic sweeping across the world.Yes, the economic meltdown will affect the world as seen from the projection that the global economy will ebb to as low as negative three percent this year while Zambia’s economy will shrink to negative 2.6 percentTherefore, Finance Minister, Bwalya Ng’andu and his team are on course with the measures […]
Economic tonic ideal
