Friday 8 July 2011

THE ECONOMIC INTELLIGENCE UNIT, A WING IF THE ECONOMY MARGAZINE IN THE UNITED KINGDOM ALSO PREDICTS THAT ZAMBIA'S ECONOMY WILL GROW BY 7PERCENT BY THE END OF THIS YEAR

ZAMBIA’S ECONOMY MAY PROBABLY GROW BY 7PERCENT THIS YEAR AND INCREASE BY SLIGHTLY 2PERCENT PER YEAR AFTER SPURRED BY SUBSIDIES BY MAIZE PRODUCER’S INVESTMENT IN MINING AND FISCAL INCENTIVES FOR INVESTORS IN PRIORITY SECTORS.
THE ECONOMIC INTELLIGENCE UNIT, A WING OF THE ECONOMY MAGAZINE IN THE UNITED KINGDOM, STATED THAT DESPITE THE FORTHCOMING GENERAL ELECTIONS, ZAMBIA IS FURTHER EXPECTED TO INCREASE ITS GROWTH PROSPECTS THROUGH AMONG OTHER FACTORS, A SHARP RISE IN PUBLIC INVESTMENT.
IN ITS JUNE EDITION, FOCUSING ON THE PRE AND POST ANALYSIS OF THE COUNTRY’S FUTURE, THE EIU STATED THAT WHICH EVER PARTY WINS THIS YEAR’S ELECTIONS, THE ELECTED GOVERNMENT IS LIKELY TO ADOPT A PRO-MARKET AGENDA AND PROMOTE MACRO ECONOMIC STABILITY.
THIS WILL BE DUE TO A STRONG PUBLIC PRESSURE TO PROMOTE JOB CREATION WHICH WILL ENSURE STRONG ECONOMIC PRAGMATISM.
AND AS PART OF THE REAL GROSS DOMESTIC PRODUCT, THE EIU ENVISIONS THAT THE ZAMBIAN KWACHA WILL BE SUPPORTED BY LARGE DIRECT FOREIGN INVESTMENTS AND STRONG COPPER OUTPUT.


published by augustine.

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