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By ALICE NACHILEMBE

A financial Analyst Maambo Haamaundu says the economic performance for zambia in the year 2029 has been poor and unsatisfactory.

Mr Haamaundu said inflation rate has been on the up swing and the Kwacha performance in terms of exchange rate against major convertibles has been unstable.

He said Kwacha has lost significantly it strength.

Mr Haamaundu said the Gross Domestic Product (GDP) was expected to have a marginal grow in the economy.

He said the overall performance of many businesses have not been performing very well they have been scaring down.

Mr Haamaundu said 2020 has not been a good year in terms of economic performance because in many sectors we are failing.

“It will be good as we go in the year 2021 to learn some lessons from the year 2020 and develop some strategies and mechanism for boosting our economy,” he said.

 

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