Business frets over spooked economy

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BUSINESS is concerned that the economy continues to show signs of stress, amid growing inflation and volatility of the local currency, threatening Zimbabwe’s projected 5,5 percent economic growth for 2022.
This comes as the cost of doing business in the country also continues to rise on the back of surging labour and other input costs, high fuel prices and disrupted global supply chains due to the Russia-Ukraine conflict, among other challenges.

The chief executive of the Zimbabwe National Chamber of Commerce (ZNCC), Chris Mugaga, told The Financial Gazette yesterday that as a result of all this, the short to medium term outlook for the economy remained “fragile”.