Zimbabwe: Depressed Economic Growth Affects Zim-Asset

Government has failed to meet Zim-Asset short-term targets due to depressed domestic demand and subdued international prices for major exports, Minister of Economic Planning and Investment Promotion Simon Khaya Moyo said yesterday. Speaking at the Global SMEs and Cooperative Investment Expo conference in Harare, Cde Khaya Moyo said the current job losses being experienced in the country were as a result of decline in economic growth.

"The decline in economic growth in 2014 can generally be attributed to poor investment performance, low business confidence, liquidity constraints, infrastructure and energy deficits, limited fiscal space, depressed domestic demand and subdued international prices for major exports. These challenges are responsible for the job loses currently obtaining in the country," said Cde Khaya Moyo.

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