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Vol 53 No 15

Published 19th July 2012


From no growth to low growth

Turning to the US dollar was not enough: politics underlies the country’s economic problems

Growth forecasts of 9.4% for this year have been halved. Thishighlights the policy limitations of abolishing the Zimbabwean dollar.It was replaced in 2009 by a range of solid currencies and that stabilised an economy gripped by hyperinflation. The time gained was supposed to be used to resolve the domestic and international political impasse, restore production and adopt policies fostering

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