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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