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Zimbabwe economy heads South

by Staff reporter
30 Sep 2014 at 08:10hrs | Views

Zimbabwe's economy continues to weaken in the absence of strong government policies as evidenced by earnings results released this month by listed stocks as all companies showed signs of stress.

Economic experts says Zanu-PF led government's failure to half economic decline is seriously hampering local companies efforts to increase production.

The southern African country's economy, characterised by high unemployment and massive company closures, has failed to find traction since President Robert Mugabe defeated rival Morgan Tsvangirai in a 2013 vote marked by allegations of irregularities.

Finance minister Patrick Chinamasa has acknowledged that the economy is struggling, cutting growth forecasts for 2014. However the World Bank forecasts two percent growth.  

Source - Zim Mail
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