WHAT HAPPENED TO THE FASTEST GROWING ECONOMY? – UDF

Date:

UDF officials have bashed government for plunging the country into the current economic crisis. Cassim Chilumpha, who happens to be in the camp of the party’s president Friday Jumbe, said it was a fallacy for those in power to be claiming that the economy is vibrant when the country is facing high inflation, soaring unemployment and many people living in grinding poverty.

Chilumpha continued by cautioning government to stop publishing fake economic statistics when the ugly faces of poverty and financial hardships on ground mock the official figures.

He also queried the logic behind having an economy with low inflation rate yet its people are living in abject poverty and the prices of goods and services continue to rise. “The economy can be said to be doing well only when the people have money in their pockets or bank accounts and companies are hiring people and not firing them. As long as Malawians have no money and companies continue to close shops or downsize, let’s not cheat ourselves that our economy is doing well,” he continued.

Subscribe to our Youtube Channel:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Top 3 Websites for Instagram Follower Growth

Instagram has changed the way that people interact with...

Ministry of Finance donates office furniture to Lingadzi Police Station

Lingadzi Police Station have received a donation of various...

Great Mind Bright Future donates school infrastructures in Dowa

Government has commended the Donation of Chunzu primary school...