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Africa Subsaharan |
Zimbabwe's Finance Minister is too optimistic-analysts |
2006-12-05 |
![]() According to him, Zimbabwe's agriculture sector will grow by 6.4% while the mining sector will grow by 4.9%. However, analysts say that Murerwa is being too optimistic. "The budget is still very shy to deal with issues affecting the economy such as high unemployment, foreign currency problems and inflation," Calisto Jokonya, president of Confederation of Zimbabwe Industries (CZI) said. ”He is projecting a real growth rate of between 0,5 to one percent in 2007 premised on the anticipated improved perfomance of the mining and agriculture sectors which are expected to grow by 9,4 percent and 4,9 percent in 2007. It is interesting to note that the original projection for agriculture was 23 percent and this has been revised substantially downwards to 6,4 percent," Best Doroh, an economist with ZB financial holdings commented, adding that Murerwa was being “overly optimistic.” Murerwa made these comments during the presentation of Zimbabwe’s budget. According to columnist, Bloch, the budget “had a lot of words which mean nothing." |
Posted by:Fred |
#13 Next year everybody will eat their neighbor so yes inflation will go down and the economy improve. See I made the positive report now eat the defense minister not me Robert. |
Posted by: 3dc 2006-12-05 23:17 |
#12 "Everything's fine! We've stopped to take on some ice, for the beverages, from this iceberg!" |
Posted by: Captain of the Titanic 2006-12-05 16:37 |
#11 I'm guessing that putting out realistic assessments in ZimBob is pretty hazardous to your health. Go ahead, call me a pessimist. |
Posted by: mojo 2006-12-05 15:33 |
#10 Personally, I'm long on Despair futures. |
Posted by: Seafarious 2006-12-05 10:43 |
#9 profits in the Rust and Dust industry have climbed substantially too . I for one praise our mighty leader ! |
Posted by: A.Miner 2006-12-05 09:04 |
#8 Our Lichen farming industry has shown huge growth.... |
Posted by: Herbert Mererwa 2006-12-05 08:59 |
#7 According to him, Zimbabwe's agriculture sector will grow by 6.4% This feat is to be accomplished by reclassifying weeds as crops. |
Posted by: RWV 2006-12-05 08:24 |
#6 agriculture sector will grow by 6.4% Farmin B. Hard has finally got the white tourists he's been asking for? mining sector will grow by 4.9% Chinese companies using imported labor? |
Posted by: Jackal 2006-12-05 07:21 |
#5 If you are white, you would have to be mad to go to Zimbabwe : if you were not attacked by one of the local gangs as a "settler", you would be propping up one of the most genocidal regimes on the continent. Besides which, deathwatch tourism is far too close to gladiatorial spectacles for any normal person. |
Posted by: Shieldwolf 2006-12-05 03:51 |
#4 Your pocket change would make you the richest SOB in town. |
Posted by: .com 2006-12-05 01:16 |
#3 I know it's on my vacation itinerary.....soon |
Posted by: Frank G 2006-12-05 00:28 |
#2 He also expects ZimbabweÂ’s inflation to fall by 350%. Ran out of paper to print money. |
Posted by: ed 2006-12-05 00:24 |
#1 He also expects ZimbabweÂ’s inflation to fall by 350%. So what's that get it down to, about 1000%? Nice job, Herbie! |
Posted by: tu3031 2006-12-05 00:21 |