Business / Economy
Elections outcome key to growth
25 Jul 2013 at 04:29hrs | Views
ZIMBABWE'S general elections to be held next Wednesday will provide the country with a solid ground for robust economic growth, Confederation of Zimbabwe Industries president Mr Charles Msipa has said.
The elections will end a four-year coalition Government comprised of the country's three main political parties. Since the formation of the inclusive Government and introduction of multi-currencies, Zimbabwe has enjoyed strong economic growth, but the robust recovery achieved between 2009 and 2011 slowed down last year, mainly due to policy divergence as a result of the coalition nature of the Government.
Mr Msipa said the next Government should immediately deal with challenges besetting the economy, including addressing capital constraints and adoption of policies that foster growth and create employment.
"Assuming that we have an undisputed election, the country will have an opportunity to come up with policies that will put the country on a right growth trajectory," said Mr Msipa in an interview.
"We need the elected Government to come up with right policies that generate jobs and boost the economy."
The elections will end a four-year coalition Government comprised of the country's three main political parties. Since the formation of the inclusive Government and introduction of multi-currencies, Zimbabwe has enjoyed strong economic growth, but the robust recovery achieved between 2009 and 2011 slowed down last year, mainly due to policy divergence as a result of the coalition nature of the Government.
"Assuming that we have an undisputed election, the country will have an opportunity to come up with policies that will put the country on a right growth trajectory," said Mr Msipa in an interview.
"We need the elected Government to come up with right policies that generate jobs and boost the economy."
Source - herald
