Tag: Economic Downturn

Zimbabwe’s economy weighed down by policies

Zimbabwe’s economy weighed down by policies

Zimbabwe’s economic growth will continue to be weighed down by lack of policy clarity despite government’s recent moves to tone down its empowerment laws, the World Bank has warned. President Robert Mugabe’s government has been on a charm offensive as it tries to lure foreign investors and kick-start an economy […]

Isolated Zimbabwe close to striking landmark deal with west

Isolated Zimbabwe close to striking landmark deal with west

Zimbabwe is close to striking a landmark deal with western multilateral institutions that would see it clear billions in arrears of unpaid debt, access new funds for its troubled economy and end more than 15 years of international isolation. Talks have intensified between Zimbabwe and its creditors in recent weeks […]

Zimbabwe swaps hyperinflation for deflation with use of US dollar

Zimbabwe swaps hyperinflation for deflation with use of US dollar

ZIMBABWE, a country once so gripped by the madness of hyperinflation that the central bank could no longer afford paper on which to print practically worthless trillion-dollar notes, now has an altogether more modern problem: it is stuck in deflation. Like Britain, Japan, the US and other nations dealing with […]