While the first world countries are soundly surging up in economics, Africa is slowly but surely receding. This is characterised by the rate at which prices rise in most African countries, how the rate of unemployment rise up and how businesses collapse.
Asked about how the economy of Zimbabwe affects him, Moyo who owns a motor spares company on the southern outskirts replied, "Of course this is a terrible period but I can say presently things are now better than how they were during the year 2008.
"I think those who are clever enough can now make it to the top now. I personally do not believe in people not being able but I do believe in people being lazy and hiding behind 'someone out there is mismanaging resources'"
"If people fail to buy cars this time, I bet they will never do it again," said Ronald, another youth in his first year at college.
These comments are just but part of many more that people always pass about the economic situation in Zimbabwe. The question now is what therefore is the real situation in the country: is the country stranded or what, pass a comment guys.
Mention the years between 2007 and 2009,a Zimbabwean who managed to remain in the country to endure the pain of sanctions and high inflation rates will explain better because most of Zimbabweans fled to other countries to secure better job which could supply large amounts of money. Of cause we cannot forget to mention "osphatheleni" who toke advantage of the serious economic meltdown of those years. Today, we enjoy using money which has value though it is not our own local currency.
ReplyDeleteI think we should not dey the colonial legacy.Most African countries have developed a somewhat Master-Slave reliance resulting in the constant borrowing of funds from the World Bank and IMF. And so the hussle and tassle to remain sane in economic terms continues...
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