The Zambia Institute for Policy Analysis and Research (ZIPAR) projects that Zambia’s economy in 2019 is expected to be in a subdued state.
The Institute says Zambia’s economy is unlikely to rebound in the coming year due to a number of factors.
ZIPAR Research Fellow Ceaser Cheelo has told Money FM News that the economy is expected to grow at about 4% which he says is low when compared with the 6 to 7 percent growth of yester night.
“2018 looks like will close at a subdued level of growth. The economy has struggled to create jobs and achieve industrialization and these ideas are there in the Seventh National Development Plan,” he said.
Mr. Cheelo says on the macroeconomic policies, the Bank of Zambia has done well to monitor the exchange rate and controlling the inflation rate that has remained in single digit.
“The long term depreciation of the kwacha is as a result of the structural issues which is as a result of the mismatch between imports and exports,” said Mr. Cheelo.
The ZIPAR Research Fellow further says spending has remained high on roads, schools, health and for new districts.

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