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Sep

26

2017

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Zimbabwe; A Nation Waiting To Implode

Since the fall of 2013, the Zimbabwean economy has been declining into a recession characterised by decreasing economic growths of 4% in 2013, 1.7% in 2014, -1.5% in 2015 and -3.5% by the end of 2016.

Because of the good cropping season which most parts of the country experienced in 2017, the initial projections were that the economy would grow and its impact would be felt by ordinary people. The IMF has already project an optimistic figure of 2.8% growth in 2017 but this growth is certainly not being felt by ordinary people whose incomes are being ravaged by runaway inflation which the Fund projects to be a 7% by December 2017 and could be even higher if the RBZ continues on its money printing show.

The striking and hard felt impacts of the economic crisis are a biting cash crunch, speculative

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