Managing tomorrow

Journal for Development and Leadership

Volume 2, Number 2


 

A, B, C of the Zimbabwe Economy
Mugano, G., Brookes, M. and le Roux, P.

This study reviewed the performance of the Zimbabwe economy since the attainment of independence in 1980, sectors of the economy and economic infrastructure. The research showed that Zimbabwean economy performed well from independence to around 1997. From 1998 to 2008 the economy witnessed a pervasive economic meltdown due to poor macroeconomic economic policies. Over this period, the economy declined by about 50 percent. The study shows that Zimbabwe is a diversified economy with services contributing more to GDP yet, at the same time, brings poultry foreign exchanges. The country also witnessed massive deterioration in economic infrastructure over the past fifteen years. However, irrespective of the dismal economic performance, the country still shows great potential for growth due to vast mineral resources and excellent human capital. Government must put in place credible policy frameworks which are aimed at propelling the economy to greater heights.

Keywords: Zimbabwe, Economy