18/12/1993 The Indian Ocean Newsletter N°603

ZIMBABWE

THE REFORM CRUNCH IS COMING

Despite some slight recovery in the second half of 1993, the economic balance sheet for 1993 remains pretty mediocre for Zimbabwe: inflation and interest rates have declined but the growth rate (about 1 or 2 percent of GDP) is lower than forecasts and the budget deficit remains high (at 11. (...)   [752 words]   [€8]
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