Economy

ZANACO Projects Tight Liquidity

ZANACO has projected an end year inflation of 10.46 per cent this year premised on increased prices of basic commodities.

ZANACO has further indicated an expected slowdown in economic growth to 3.0 per cent in 2019, 2.8 per cent in 2020 and 2021.

This is contained in the bank’s Economic insights mid-year report, where it notes low aggregate demand for goods and services due tight liquidity conditions.

The bank’s Head of Economic Research Patrick Chileshe explained during a discussion on the insights report in Lusaka that the country’s economic growth is under strain.

He said inflation was expected to rise above target range in 2019 due tax induced reasons and food shortages.

He further said there is a serious slowdown in the economy, causing credit growth to be subdued as cash flows tighten for many businesses and that high interest rates will make it difficult for firms to borrow.

Dr Chileshe, however, said economic growth will remain positive although recovery may take another two to three years.

 

15 Comments

  1. Kicks

    We are in a very hard time where the poor are the ones fealing the heat of the poor economy of this nation while the rich have nothing like shortage of food comodities, but its one zambia one nation, God help us.

  2. Iwe

    Oho

  3. Utuntu

    It’s the whole world Iwe. Mind your ignorance.

    • Bamwine

      Utuntu, (the whole world )which world? When at your home you don’t have food it doesn’t mean that the whole neighborhood don’t have. Who are you defending? Lets be open enough our economy is bad guys.

      • Davy

        It breaks my heart when we the young people of our beautiful nation, support wrong things.How does one catigoricary say it’s the whole world?Indeed it’s bad manners in Africa to talk while eating if you know what I mean.

  4. brown

    Don’t just make statements without implementation. Otherwise when the elephants are fighting it is the grass that suffers.

  5. Mbangweta atanga

    Let’s us be harder the situation is bad we don’t know where we are going

  6. Winnipeg Nyirongo

    It’s not the whole World but only in Zambia. We are in harsh times of Economic crisis in Zambia not World Wide because other Countries in the World are managing their economies very well. Mind you, ZANACO is the biggest Bank in Zambia. However, what is ZANACO going to do with this tough economy?? What is the Government going to do in order to control, manage and and stabilize the economy???

  7. Kay2P

    It’s not the whole World but only in Zambia. We are in harsh times of Economic crisis in Zambia not World Wide because other Countries in the World are managing their economies very well. Mind you, ZANACO is the biggest Bank in Zambia. However, what is ZANACO going to do with this tough economy?? What is the Government going to do in order to control, manage and and stabilize the economy???
    Its bcoz of the people we untrusted with the high positions of this country who are always focussing in pocketing our resources instead of tuink

  8. Sibweni

    World wide economic breeding due 2 usa,china trade war and britain leave european union 2 unknow paradise. Little knowledge on financial making pipo think borrowed 4 misuse no but 4 developmt not 2 pocket it. In zambia, corrupt weapon 2 win power after forming govt givin excuse 2 pipo 4 more time bcoz holes of undevelop left by unip and mmd are bin covered

  9. SEE MIND(MWAMPO)

    RICHER HAPPIER. POOR MORE SUFFER !!!

  10. Sirb

    The economy is extremely bad.
    The is so much money being hided by selfish individuals, hence making foreign currencies gain momentum.
    Let the hypocrisy by the rich stop and bring back the monies into Zambia environment were the poor will gain by simple piece works

  11. Www.musondapethias35@gmail.com

    We dieng guys boma ilanganepo

  12. Wiz

    Critical times hard to deal with. Think of the aged and overzealous comboni dwellers non starters. Its not about the whole world but our current situation, it’s very bad. Only generational thinkers manage in these times, mean those who are stable financially.

  13. Zakeyo

    It takes a thinker to think….. Let’s us not wait for others to think on our behalf

Comments are closed.