The Bottom Line I Zimbabwe's economy

14 Views
Zimmagazine
8
Published on 05 Aug 2019 / In News & Politics

We're zooming in on the economy in Zimbabwe tonight - where the wheels are coming off again. Starting with a look at the inflation - one of the indicators of whether an economy is healthy or not. Zimbabwe's economy is set to shrink this year due to factors such as drought.
Severe power cuts, fuel shortages and lack of investments in the productive sectors. Previously the government estimated the growth of 3%. Now Finance Minister, Mtuli Ncube has revealed they are expecting a contraction of 3%. Power cuts of up to 18 hours per day - Zimbabwe's economy is losing more than US$200 million weekly due to the prolonged power crisis. Research Consultant for the Institute of Security Studies, Derek Matyszak, says Zimbabwe is at a tipping point.


For more news, visit: zimmagazine.com

Show more
0 Comments sort Sort By