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Why Zimbabwe’s Economic Recovery Isn’t Promising

Why Zimbabwe’s Economic Recovery Isn’t Promising

“Most of the small jobs I get are gardening, and I get around 20 U.S. dollars,” Darlington Chikwesherere, a resident of Harare, Zimbabwe told CCTV Africa. “Then I need to buy food and it’s not enough to buy everything we need.”

According to CCTV Africa, a number of reasons contribute to the IMF’s warning of an announcement that Zimbabwe’s economy is not recovering at the rate that it should be.

Inflation, Slowed farming output and struggling small businesses are prime factors of the country’s economic decline. For a 3-year period within the last decade Zimbabwe’s economy was looking up when the country transitioned to the U.S. dollar, the report said. Things have shifted in a negative direction since then. Economist John Robertson notes that in previous years, 1 in 7 people had a job. Now 1 out of every 15 people in the country is employed.