HomeBusiness DigestZim in the throes of new recession

Zim in the throes of new recession

Be afraid; very afraid! This is what economic players and analysts are saying as Zimbabwe’s economy is now in the throes of an economic recession. Falling aggregate demand, plunging production, diminishing purchasing power, eroding incomes and rising inflation are buffeting the economy which the International Monetary Fund (IMF) says will contract by 5,2%.

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