3.5% economic growth will be dependent on private sector response to budget – Kanyama

ECONOMIST Chibamba Kanyama says the projected 3.5 percent growth rate is dependent on how the private sector will respond to the economic triggers announced in the 2022 budget. In an interview, Kanyama said though 3.5 percent growth rate was minimal for the country, it was beneficial given the economic recession in 2020. “The projected growth rate of 3.5 percent for 2022 will definitely be achieved provided the private sector aggressively responds to some of the economic triggers announced by the Minister of Finance Situmbeko Musokotwane. We should first of all acknowledge that 3.5 percent growth rate is miles below Zambia’s best, the seven percent average growth rate achieved a decade ago but is not bad enough given the economic recession…...