Lockdown: Price freeze is good but not sustainable: experts
Currency Stabilization Task force confirms mishandling of the economy, says Mashakada
By Staff Writer Zimbabwe’s fast-moving consumer goods could soon vanish from supermarket shelves as the manufacturing sector struggles to stimulate production during the ongoing lockdown which seeks to slow the spread of COVID-19, analysts have warned. The southern African country’s rate of inflation has over the past few months been rapidly rising, pushing the breadbasket …
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By Dr Tapiwa Mashakada The causes of macroeconomic instability and monetary policy effectiveness have long been identified. These are (a) a debauched mono currency which has been rejected by the market (b) failure to de-dollarize because the market has self dollarized (c) inadequate forex to sustain a market-driven but managed float and hence the buoyance …
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