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Home » Sinking mineral prices ‘a dark cloud over economy

Sinking mineral prices ‘a dark cloud over economy

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ANXIETY is mounting over the threat of softening mineral prices hurting Zimbabwe’s economic progress this year and the next, with analysts this week warning that escalating tensions in the Middle East could worsen the situation.

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The country recorded a 20 percent decline in foreign currency receipts to US$3,6 billion during the nine months to September 30, 2023 from US$4,5 billion in the comparable period, weighed down by softening commodity prices.

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