Source: Xinhua|
Editor: huaxia
by Tafara Mugwara
HARARE, Dec. 31 (Xinhua) While the pandemic has brought with it economic downturns which are being felt across sectors in Zimbabwe, it has also spurred the localization of value chains and the consumption of locally produced goods.
Logistical interruptions due to the COVID-19 pandemic have significantly impacted the international distribution of goods resulting in Zimbabweans turning to locally produced goods.
Denford Mutashu, President of Confederation of Zimbabwe Retailers Association, said the successive lockdowns imposed to stem the spread of COVID-19 saw a lot of domestic concentration of production, as opposed to reliance on the importation of finished commodities.
2020-12-31 15:05:13 GMT2020-12-31 23:05:13(Beijing Time) Xinhua English
by Tafara Mugwara
HARARE, Dec. 31 (Xinhua) While the pandemic has brought with it economic downturns which are being felt across sectors in Zimbabwe, it has also spurred the localization of value chains and the consumption of locally produced goods.
Logistical interruptions due to the COVID-19 pandemic have significantly impacted the international distribution of goods resulting in Zimbabweans turning to locally produced goods.
Denford Mutashu, President of Confederation of Zimbabwe Retailers Association, said the successive lockdowns imposed to stem the spread of COVID-19 saw a lot of domestic concentration of production, as opposed to reliance on the importation of finished commodities.
Price stability brings back festive cheer
Herald Reporters
The stability in prices of basic commodities in the past six months, as a direct result of the final steps in the Government’s stability programmes, will bring back the cheer to consumers this festive season as they can now plan on what to buy and when, and can even save up for larger expenditures.
Under the Second Republic, starting with tight budgeting and refusal to print any more money, continuing with effective monetary policy reforms, built on exports exceeding imports for the first time in decades, and using this underlying macro-economic stability to allow market forces to set a very stable exchange rate with speculators cut out of the system, the bugbears of hyperinflation and profiteering had finally been tamed.
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