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(LUSAKATIMES) Chikwanda urges Zambians to brace themselves for the economic challenges

Chikwanda urges Zambians to brace themselves for the economic challenges
TIME PUBLISHED - Sunday, June 17, 2012, 8:28 am

Finance Minister Alexander Chikwanda has urged Zambians to brace themselves for the economic challenges. Mr. Chikwanda says the current economic slump being faced by the Euro zone has the potential to spread to Africa, a situation he says will be unfortunate.

He has charged that the Euro zone accounts for more than 30 percent of the world trade adding that the ongoing Euro zone crisis is likely to spread.

Meanwhile, Mr. Chikwanda has observed that the macroeconomic fundamentals in the country are working.

Mr. Chikwanda has however warned against complacency in doubling the pace of the country’s economic development.

The finance minister has since called for more vigorous actions by government departments to ensure that the positive achievements being recorded in the economy are sustained.

QFM

Labels: ALEXANDER CHIKWANDA, ECONOMY, EURO, GREAT DEPRESSION II

posted by MrK @ 3:42 PM