Persistent Kwacha depreciation signifies serious structural imbalances – CUTS

CONSUMER Unity and Trust Society (CUTS) Centre Director Dr Claudia Pollen says the persistent depreciation of the Kwacha signifies serious structural imbalances in the domestic economy. And Dr Pollen has disclosed that the youth unemployment rate increased from 44.3 percent in 2019 to 45.5 percent in 2020. During a media briefing, Wednesday, Dr Pollen said persistent depreciation of the Kwacha also meant that Zambia had faced relatively expensive imports from abroad. “Two key indicators of the macroeconomic stability of an economy are the inflation rate and the exchange rate. Other than in two years (2010 and 2017), the kwacha depreciated by various magnitudes relative to the US dollar. The persistent depreciation of the kwacha signifies serious structural imbalances in the...