IN THE EYE OF A STORM: The impact of the economic slowdown on the labour market in Zambia
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- Size: 25MB
- Creator / Author: Joan Addedis
- Resource Type: Africa Capacity Report
- # Download: 254
- Access: Open to Download
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ZIPAR IN THE EYE OF A STORM.pdf
Basic Information
Creator / Author
ZIPAR
Source / Publisher
Zambia Institute for Policy Analysis and Research (ZIPAR)
Geographic & Audience Details
Classification & Domains
Subject
Labour Market
Abstract
The Zambia Institute for Policy Analysis and Research (ZIPAR) launched a flagship project on employment More and Better Jobs in June 2015. At that point, with the Zambian economy having experienced impressive growth rates over a long period of time, the central question was how to ensure job rich growth.1 Soon after the projects launch however, the Zambian economy took a turn for the worse. The economic context has deteriorated substantially. The Ministry of Finance has revised down their projected growth rates for 2015 to 3.6% for the first time since 1998.2 This slowdown has been driven by some well-documented factors, some from outside Zambia (for example, falling copper prices, falling Chinese demand, and a weakening Kwacha) and also some internal factors (load shedding being the most important).
Keywords
Economic Development, Employment, Jobs
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