Inflation biggest threat to economy: Fidelity

6

FIDELITY Life Assurance of Zimbabwe (Fidelity) says inflation is the country’s biggest threat as it is compromising the economy’s competitiveness and its attractiveness to investment.

In a statement accompanying the group’s financial results for the year to December 31, 2021, Fidelity chairman Livingstone Gwata said the economy as well as companies face weak growth as value was being eroded by high inflation and the rate at which the local dollar was losing value against major currencies.