A TOUGH ECONOMIC BEGININNG, THE YEAR 2015THE decade 2004-2014 saw Zambia’s unprecedented economic growth, only compared to the economic growth of the post-independence era. The economy grew at an annual average rate of more than six percent and this growth was mainly driven by sectors Transport, Tourism, Agriculture, Construction, Manufacturing, and Mining.Furthermore, Margaret Mwanakatwe in her remarks as Minister of Commerce, Trade and Industry at the time in the A to Z of Business in Zambia Magazine argued that “the real Gross Domestic Product (GDP) for the year 2015 would be higher than 6.5 percent, driven by a good harvest in the 2013/14 farming season, increased electricity generation, investments in both private and public infrastructure and growth in manufacturing, transport and communications.”This projection however, did not come to fruition as the real GDP for the year 2015 was only 3.6 percent due to innumerable of adverse economic factors at both local and international levels.This economic […]
ZAMBIA’S ECONOMIC PERFORMANCE …PRESIDENT LUNGU’S PF GOVERNMENT ECONOMIC INTERVENTIONS (2015-2019)
