THE transitional government is under immense political pressure to prove it can perform the heroic act of delivering recovery now or make way for new thinking. What many people don’t want to hear at this juncture are stories of a recovery that will come in the distant future, on some date not found on the calendar. But going through the state of the economy at macro and firm levels, I haven’t found any basis for hope, not even the flimsiest reason for optimism. This paper extends the analysis of Zimbabwe’s solvency crisis from government to the private sector and reaches the conclusion that both have limited capacity to lead the economy to recovery owing to a crippling solvency crisis. The…