Omicron, elections suffocate optimism

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WHILE business still hopes that Zimbabwe’s recovery will continue in 2022, it is wary of the new year in the wake of the Omicron Covid variant, which threatens regional economies.
In addition, captains of industry and commerce are also fearful ahead of the 2023 elections, amid concerns of political chaos and a likely sharp rise in inflationary government spending.

This comes as business confidence has been falling lately, after more than a year of sustained positive sentiment — following the recent resurgence of the calamitous foreign currency parallel market and power cuts.