Zimbabwe Industrial Output Expected To Take A Knock In 2019, But Recover In 2020 – Report

Last updated on September 11th, 2021 at 03:18 pm

Zimbabwean companies especially those that do not export are expected to take a knock this year due to some or all of the following according to the Sunday Mail:

• Decline in demand of products
• Foreign currency shortages
• Shorter production time due to long periods of load shedding.
• Soaring inflation
• Eroded consumer purchasing power

This was said by the Finance Minister in his pre-budget strategy paper when he said:

The situation is being worsened by shortages of foreign currency, electricity and fuel, all constraining industry operations.

However, the economy is expected to turn around next year as the ongoing reform initiatives take form according to the publication.