Zimbabwe Industrial Output Expected To Take A Knock In 2019, But Recover In 2020 – Report

Zimbabwean companies especially those that do not export are expected to take a knock this year due to some or all of the following according to the Sunday Mail:

  1. Decline in demand of products
  2. Foreign currency shortages
  3. Shorter production time due to long periods of load shedding.
  4. Soaring inflation
  5. Eroded consumer purchasing power

This was said by the Finance Minister in his pre-budget strategy paper when he said:

The situation is being worsened by shortages of foreign currency, electricity and fuel, all constraining industry operations.

However, the economy is expected to turn around next year as the ongoing reform initiatives take form according to the publication.

More: The Sunday Mail

 

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2 comments on “Zimbabwe Industrial Output Expected To Take A Knock In 2019, But Recover In 2020 – Report

  1. Sunday Mail. What rubbish. Tell the truth for once. This regime is happy with the status quo. A minority destroying a country . If you are playing games with people’s lives then I would say to you all there at Herald House beware when change comes.

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