Israel-Iran War Threatens Zambia’s Economic Stability — Expert
Renowned Zambian economic analyst, Mr. Kelvin Chisanga, has warned that the intensifying conflict between Israel and Iran could have far-reaching economic consequences for Zambia and other emerging economies.
In light of the ongoing geopolitical crisis, Mr. Chisanga highlighted the surge in global oil prices as one of the most immediate threats to Zambia’s economy, with knock-on effects likely to include rising inflation, pressure on external financing, and fiscal instability.
“These shocks could weaken household incomes and slow Zambia’s growth momentum,” he noted, calling for urgent, proactive policy action.
To cushion the economy against global turbulence, Mr. Chisanga advised the government to implement targeted reforms in vulnerable sectors such as energy, fiscal management, and foreign exchange operations.
“It is imperative that all critical policy channels remain firmly anchored and responsive to these developments,” he stated, urging for the deployment of strategic buffers and sustained macroeconomic discipline.
He concluded by emphasizing the need for Zambia to maintain economic stability while building resilience to withstand external shocks: “Macroeconomic stability will be key to safeguarding Zambia’s growth amid rising global uncertainty.”
