Q FM Africa's Modern Radio
The Economics Association of Zambia (EAZ) says credit rating agency, Fitch is justified to predict reduced liquidity in the Zambian economy in the coming quarter.
EAZ president Lubinda Haabazoka says his association agrees with Fitch’s forecast that there is generally going to be reduced economic growth for commodity oriented Countries.
Dr. Haabazoka states that the best thing for the government and the Central Bank to do, is to see how austerity measures can be blended with stimulating the real sector of the economy.
He has told QTV News that this is in order that the Country produces more goods and more jobs are created.
Dr. Haabazoka says the EAZ is therefore urging the promotion of job creation with emphasis on the manufacturing industry.