Zimbabwe: The Myth Behind Sanctions

opinion

It is now crystal clear that the economy will not recover anytime soon. From 2000 to 2008, the economy lost much of its wealth through successive negative growth rates, hyperinflation, de-industrialisation and capital flight.

This devaluation of the economy had so many adverse socio-economic implications. But the worst social impact was the loss of national savings, whether at government, household or company level. Today, Zimbabwe is even grappling with the issue of demonetisation -- a grim reminder of our troubled economic past.

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