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Vol 54 No 17

Published 23rd August 2013


Zimbabwe

Test for Mugabenomics

ZANU-PF may now relish ruling on its own but it will have to dig very deep for answers to a deteriorating economy

President Robert Mugabe’s victory in the 31 July elections has not settled the uncertainties surrounding Zimbabwe’s political and economic future. It may even have heightened them. Post-election nervousness has compounded increasingly tight liquidity and fuelled fears of a run on the banks. The projection early this year of 9% gross domestic product growth had already been scaled back before the elections to a mere 3.4%, as confusion reigned over the proceeds of diamond sales. Another downward revision is likely.

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