Zim dollarized economy still an attractive export market

The temporary protection measures, which government has put in place to hedge some sectors of the manufacturing industry from international competition have had a positive impact on boosting local production, despite that Zimbabwe's dollarized economy still remains an attractive export market for those countries with weakening currencies, Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) has said.

According to the Zeparu's economic barometer report for the period July to September 2015, Zimbabwean firms remain vulnerable to competition from the region.

Zeparu said one way to judge whether local firms were ready to enhance production was to look at the trends for imports after the imposition of higher tariffs.