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Chamisa Doubtful Of Zim Economic Recovery

by Bustop TV News

By Lloyd Takawira

Opposition MDC Alliance leader, Nelson Chamisa has said that the much touted economic “stability” strenuously paraded by President Mnangagwa’ administration is “fragile and will not last”.

According to Chamisa, Zimbabwe’s economic “stability” is a figment of imagination for the powers that be.

He said, “The economic ‘stability’ is fragile stability and is not going to last! The 2 giant elephants in the room are exchange rate disparities between the formal rate & black markets which are far apart by 100% (the black market rate is 2x the official rate) and corruption.”

He also waded into the foregn currency exchange rate which he said has created disparities in the economy.

“The exchange rate disparities and the punitive export retention negatively affect exporters – the goose which lays the golden eggs. This has created arbitrage opportunities and unofficial forex trading which will worsen the disparities, total collapse of the auction system”.

The opposition leader said that under his leadership , the MDC Alliance will create “people centered economic policies”.

“Our New Government will institute a market-sensitive, people-centred & development-oriented sound economic policies which are predictable, consistent, investor-friendly & business-boosting thus fostering an enabling business environment which guarantees return on investments.”

Chamisa’s remarks come in the wake of the Zimbabwe National Statistics Agency (ZIMSTAT) figures indicating that the September datum lines reported an increase in inflation thus pilling missery to the already suffering ordinary Zimbabweans.

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