The ranking of Zambia as number one among the ten most improved economies in the world by the Global Economic Weekly has cheered the Economics Association of Zambia (EAZ)
EAZ President Mwilola Imakando told ZANIS in an interview today that the report by the Global Economic Weekly represents a fair and objective view of Zambia’s economic growth.
Mr. Imakando said the country deserves the rank because all productive sectors of the economy have continued to register considerable growth of about five percent.
He, however, called on government to ensure that the agricultural sector is improved in order to register a growth of more than five to six percent.
Mr. Imakando added that government should effectively facilitate the private sector for it to take the lead in economic development.
He cited the textile industry as one of the sectors that need more of government’s attention to bring out its potential.
Recently, the Global Economic Weekly ranked Zambia number one among the ten most improved economies in the world based on macroeconomic, political, technological and human capital factors.
Zambia was one of the four African countries out of the ten most improved countries assessed based on growth environment scores.