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Alba Iulia
Monday, August 10, 2020

Economics Association of Zambia Says Zambia’s Economy has performed better than anticipated

Headlines Economics Association of Zambia Says Zambia's Economy has performed better than anticipated

Zambia’s Economic performance in the first half of the year has been rated positively.

The Economics Association of Zambia(EAZ) says the country’s economy has performed better than anticipated during the period under review.

EAZ President Lubinda Habaazoka says due to Novel Corona Virus-COVID-19 , many predicted the country would experience an economic slump.

Dr. Habaazoka says COVID-19 has posed a negative impact on revenue collection and the country’s ability to enhance Foreign Direct Investment.

He was speaking in an interview with ZNBC News in Lusaka.

He lamented the COVID-19 has stimulated the flight of capital from the emerging markets such as Zambia to developed countries.

He however says the Eight Billion Kwacha COVID Bond has ameliorated the negative impact of COVID-19 on Zambia’s economy.

Dr. Habaazoka also said the 10 billion Kwacha Economic Stimulus Package, announced by the Bank of Zambia (BOZ) will reinforce efforts to make the country’s economy recover.

14 COMMENTS

  1. This would be a positive development. Can we know what official data is being used to reach this conclusion?

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  2. The economy has been in free for since 2016…. all indicators are there to see. What better performance his he talking about?
    Dollar-Kwacha today 17.92
    Numbers don’t lie

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  3. Tbis man Habazoka does he know and understand what i know?

    Surely this man must be smoking Jamaican weed which makes someone hallucinating until in comma.

    These are people who Edgar Lungu allow as think tanks in Zambian economy.

    Just enjoy your fancy life for a little while before we clean up your kabova president’s messy.

    PF must go!

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  4. This guy i thought he was coming to his senses after he was not given any position by ECL even after all the overtures he made but looks like he is slipping again.

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  5. The Economics Association of Zambia (EAZ) President Lubinda
    Habaazoka comment on Zambia’s economy is reverberating all right, but no
    one believes it because what is happening on
    the ground contradicts it!!

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  6. This is not surprising, especially so under the able leadership of a patriotic party. Watch the diasporan haters and upnd sadists foaming at their mouths with anger

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  7. How come only habazoka and die hard PF rats who are part of the gravey train are able to see this positive economic performance ????

    90 % of the Zambian population and all world economic bodies see otherwise….

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  8. Thats why he is Lubinda Haabazoka – wrong combination of names. He ll never be sober,always drunk from Kachasu made from Kalabo Rice fermented with Monze milk.

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  9. I think the Association has lost its direction under the leadership of this man. Honestly what happened to the association that had papers written by the likes of Richard Musona? Too much bubbling without factual data to support assertions is what this leadership is about. What an embarrassment to the fraternity.

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  10. It would be nice if the doctorate holder gave some hard data to justify his statement. Is it too hard to get statistics from the National Stats office? I don’t think that it would be easy to justify or decry Habazoka’s statement in a country where the much of the economy is unrecorded. During the 2008 global financial crisis, Zambians were scarcely touched because they do not bank their money. As for this time round, the township hairdressers, barbers, street vendors etc have been badly affected and they will never see a Ngwee of the Covid money. The EAZ president should share his data with us so that we can also be as optimistic as he is.

Comments are closed.

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