ECONOMIC TALK: Top five drivers of economic crisis

ECONOMIC TALK: Top five drivers of economic crisis
To stabilise the economy, the transitional government faces the dilemma of arbitrarily choosing between primary and secondary policy targets from the multitude of equally urgent challenges confronting it.

To stabilise the economy, the transitional government faces the dilemma of arbitrarily choosing between primary and secondary policy targets from the multitude of equally urgent challenges confronting it.

By Munyaradzi Mugowo

ROBERT Mugabe is gone and most of his ruinous policies are being reversed to save the economy.
An important point missed in the current debate on Zimbabwe’s economic recovery is that what is left of the economy is not strong enough to stimulate or support recovery.
Another point to note is that the economic impact of Mugabe’s policies will live long after they are withdrawn.
But the saddest truth rebuffed by many Zimbabweans is that Mugabe left the economy in a state of self-sustaining instability and millions of people in severe poverty.
The subject of this paper is to identify the major drivers of economic instability; assess how much damage they have caused and predict the future path in the near to medium term, taking into account the effects of emerging and persistent forces of instability.

Read full story in The Financial Gazette paper

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