Zambia has failed to meet most its 2014 macroeconomic objectives -Hamaundu

Financial Analyst Mambo Hamaundu has observed that the country failed to meet most of its macroeconomic objectives in 2014.
Mr Hamaundu says the country therefore cannot be said to have experienced economic stability.

Mr. Hamaundu notes that both the end of year inflation and the GDP targets were not attained in 2014.

He notes that the exchange rate failed to stabilize in 2014 and the cost of living remained high, adding the majority Zambians could not afford the basic commodities of life.

Mr. Hamaundu adds that the biggest challenge the country faced was the question of management as most of the institutions that were supposed to manage the economy were loose.

He stresses that going forward, it is very important that the economy is managed by action and not mere pronouncements.
Mr. Hamaundu states that many times goals are set year in year out but that at the end of the year, very little is achieved which should not be the case.
He stresses the need for the country to work hard towards accomplishing most of its goals.