OM optimistic about Zimbabwe’s growth

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OLD Mutual Investment Group Zimbabwe (OM) says the country’s economic growth prospects are “positive”, despite fears that the forthcoming 2023 elections might result in policy reversals and political violence.
In a recent note, the wealth management firm warned that political tensions could increase again as campaigning for the 2023 general election ramps up.

“Frozen political tensions could heat up around elections… the baseline view suggests turbulence, despite the current calmness.
“Still, real sector output is likely to maintain positive momentum from the prior year, supported by public and private spending on the infrastructure and primary output sectors.”