By Chileshe Mwango
Economist Kelvin Chisanga has charged that the current geopolitical tensions between Russia and Ukraine has the potential to take Zambia’s economy further backwards than where the country is today in comparison the post covid-19 pandemic.
Mr. Chisanga notes that the economy is taking a different twist on the global scale and that the tension is directly hitting right into the wider aspects of the economy affecting the capital market performances.
He says the prevailing geopolitical tensions taking place between the two countries is one of the biggest factors which will undermine supply-side elements and in the process derail the good performance that Zambia witnessed in the third and fourth quarters of 2021 and part of this year.
Meanwhile Mr. Chisanga says the inflation trend for the month of February has given a good signal, indicative of some steady economic growth from 15.1% in January to 14.2% in February.
He says this is giving Zambia good hopes in regards to the economic projections despite continued effects in some edible goods adding that what is being seen are good performances taking shape in both money market and on the foreign exchange mainly due to sustained base effects.
