Business Leaders Sound Unfamiliar Note in Zimbabwe: Optimism
Ray Ndlovu, Bloomberg News Mthuli Ncube, Zimbabwe s finance minister, sits in the audience during a plenary session on day two of the 28th World Economic Forum (WEF) on Africa in Cape Town, South Africa, on Thursday, Sept. 5, 2019. , Bloomberg
(Bloomberg) Business executives are sounding decidedly upbeat in Zimbabwe, a sea change from the pessimism theyâve expressed through two decades of economic mismanagement and institutional decay.
The southern African nation is reaping the benefits of a commodities boom and good summer rains that are bolstering farm output. A series of reforms spearheaded by Finance Minister Mthuli Ncube are also starting to bear fruit, with the economic-growth outlook improving markedly and annual inflation, albeit still at 322%, slowing rapidly.
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