COVID-19 challenge: Towards economic transformation

To be sure, we have been expecting a global recession. Indications are that the world’s fourth biggest economy, Japan, is already in recession.

To be combating a pandemic and suffering a recession all in one, is no mean feat especially when the cause of the recession is something about which you have hardly any control and requires massive expenditure of finite and fast dwindling resources. The last television address by the Minister of Finance, Dr. Matsheka, suggested that we may not be able to hold on for much longer. The nation is fast going broke. In time, we may be confronted with further economic challenges, including hunger and shortage of drugs. God knows what measures government may have to put in place to fix such a situation. Taxes may be reviewed. What more; we may go into debt and end up as a vassal state for the Chinaman.