Economist Kelvin Chisanga has observed that Zambia’s economic outlook during the political campaign period will combine resilience with caution across key sectors.
Chisanga noted that campaign cycles often shape fiscal behaviour, investor confidence and wider economic expectations.
He explained that increased government spending is typical during such times as political actors seek to meet public demands through development programmes and social support.
The Economist warned that while these measures may stimulate short-term activity, fiscal discipline must be preserved to avoid budget deficits and inflationary pressures.
Chisanga highlighted that investors, both domestic and foreign, tend to adopt a cautious stance, delaying major decisions until the political environment becomes clearer.
He pointed out that this can temporarily slow private sector expansion, though strong fundamentals in mining, agriculture and services continue to underpin the economy.
The Economist emphasised that Zambia can navigate the campaign season without major disruption if political actors remain mindful of macroeconomic stability and responsible fiscal management.