Zimbabwe economy continues to fall

Zimbabwe Democracy Institute (ZDI) said government of Zimbabwe needs top broadly align authoritarian politics to its envisaged liberal economic policies in order to revive the comatose economy.

Zimbabwe's economy is in great distress with Finance Minister Patrick Chinamasa last week lowering economic growth projections to 1.5% from the initial 3.2%, citing a drought that lowered agriculture output by 8.2%.

ZDI said political economy, shaped by extractive political institutions has resulted in the radical structural informalisation of society and the national economy.