Economic recovery now a reality: Analysts

By Davison Vandira

Analysts say economic recovery is now a reality on the back of exchange rate stability, which they described as a key macro-economic variable for the success of the National Development Strategy one.

2020 has been historical for Zimbabwe with respect to exchange rate stability, and that has given experts reason to believe that the country’s economic recovery will be a reality in the medium to long term.

According to investment analyst, Mr Batanai Matsika, the sustainability of exchange rate stability will be key for the implementation of the National Development Strategy One which envisages improved economic productivity.

“I am happy about the strides that we have made so far as a country in terms of price discovery as espoused by the exchange rate stability in the economy.”

Ambassador Christopher Mutsvangwa, who was instrumental in pushing mobile money regulation, is convinced that with less financial distortions, Zimbabwe is poised to achieve set targets.

“It is encouraging to note that since putting financial regulations around mobile money operations, we have managed to control money supply growth and as such, the room for broad economic growth has been increased.”

Apart from exchange rate stability, inflation has also been responding to policies and is earmarked to come down to a single digit by end of next year.

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