Zimbabwe: 'Zim's Balance of Trade Retards Economic Growth'

ZIMBABWE'S balance of trade is unsustainable and retards industrial growth, according to lobby group Buy Zimbabwe.

Buy Zimbabwe general manager Munyaradzi Hwengwere this week told parliament's portfolio committee on industry and commerce the country needed ways to close the trade gap with a view to channelling resources towards reviving local industry and expunging the country's debt which stood at US$9,9 billion in December 2013, far below the combined balance of trade since 2009.

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