Domestic
The Private Sector Development Association (PSDA) says it expects the 2020 national budget to focus on economic stimulation through enhanced private sector growth. Read more: Lusaka Times
Government says there is a ready market for exporting honey and wax from North-western Province, to Europe and Asia. National Development and Planning Minister Alexander Chiteme said North-western Province has the capacity to produce honey for markets in China, India and Europe. Read more: The Independent Observer
State house has clarified that His Excellency, Dr Edgar Chagwa Lungu will not be meeting the Vedanta chairman, Mr Anil Agarwal or his representatives as he embarks on his state visit in India. Read more: Zambian Observer
International
According to a recent report by scientists at BIOS — an independent, multidisciplinary research unit launched in Helsinki in 2015 — there isn’t much time left before we see the fall of capitalism as we know it today. Read more: Business Insider
President Donald Trump and his advisers insist their trade war with China won’t hurt American consumers. But analysts say otherwise. The tariffs Trump has already imposed on China are estimated to cost the average American household $600 per year, according to a report by JPMorgan Chase. Read more: CNN
The US Federal Reserve debated cutting interest rates more aggressively last month, according to minutes from the central bank’s last meeting. Read more: BBC News
Senior economists at the International Monetary Fund (IMF) have warned countries against relying too heavily on monetary policy easing, and argued that currencies are “neither the hammer nor the nail” in efforts to reinvigorate economies. Read more: CNBC
Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy. Read more: Market Watch
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