Latest News Editor's Choice


Business / Economy

Panic as Zimbabwe economy dies

by Staff reporter
06 May 2016 at 08:57hrs | Views

There is palpable fear that the country has plumped the depilating economy depths of 2007/2008 when shops were empty and inflation hit world record levels, resulting in untold pain and suffering for the majority of citizens.

As a result, the talk among most ordinary folk in in Harare yesterday who have some money in that banks was how quickly they could withdraw all their funds –intentions that triggered a fear of a run on banks which could worsen the economic crisis.

At the same time ,and as Zimbabwe lurches towards its latest full blown economic disaster –spawned by the continuing lack of political legitimacy and sound governance in the country-analysts and opposition parties alike said it was time that president and his "economically illiterate" lieutenants vacated office.

Source - Dailynews
More on: #Economy, #Zimbabwe