At This Pace Zim Will Be A Better Country Economically By March 2019- Eddie Cross

Writing on his website, Eddie Cross said Zimbabwe’s economy is set to grow.

He added that Zimbabwe’s economic fundamentals are sound, exports and the GDP growing rapidly. He said at the current pace of growth Zimbabwe will be a different country economically by March next year. Below is an excerpt of Cross’ article:

The emphasis of ‘being open for business’ and the start made in returning to the international playing field has elicited considerable private sector interest and I personally have a list of private sector projects that, if implemented, will involve the investment of US$30 billion and will generate many billions in new exports and hundreds of thousands of new jobs.  This was impossible under Mugabe.

I now hear people saying that the resumption of shortages and fuel queues and the sudden emergence of a parallel market for hard currencies mean that we are going back into the conditions we experienced in 2005 to 2008.

Nothing could be further from the truth, our economic fundamentals are sound, exports and the GDP growing rapidly and once the new team in the Ministry of Finance started to tackle the macro economic problems of the country, they were immediately rewarded by a sharp reduction in the fiscal deficit and we will be in surplus by Christmas.

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At this pace, we will be in a different country by March 2019. Let’s keep our current problems in perspective – if we do, they will not look so entrenched or formidable.

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