Eddie Cross: 2020 Will Be Like Morning After Rain

A member of the Reserve Bank of Zimbabwe’s (RBZ) Monetary Policy Committee (MPC) Eddie Cross says that the economic situation will improve drastically in 2020.

Writing on website eddiecross.africanherd, Cross posited that the 2018-19 austerity measures were a harsh medicine that had to be taken. He wrote:

Next year inflation will come back to low levels by the end of the year, exchange rates will strengthen and start restoring value to earnings and capital.

… 2020 will not be easy, but after what we have been through it will be like the morning after the rain. To really succeed we have to work together and have faith in who we are as a nation. If we do those few simple things, the future will look after itself.

Zimbabwe is currently facing a myriad of challenges which have reignited memories of 2008,  when the country hit rock-bottom.

Public hospitals are not functioning, inflation has reached 3 digit figures, there is hunger and starvation everywhere, there is no cash in the banks, most people in urban areas do not have access to running water, electricity and fuel are scarce, among a number of other challenges.

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