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Correct key macroeconomic imbalances, Zim govt urged

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Harare - Hard-pressed Zimbabwe needs to correct its political framework and the macro-economic imbalances that have seen investments wilt and exports tumble, top analysts said on Thursday.

Zimbabwe will grow by about 1% this year, according to economists' projections.  The key agriculture and mining sectors have suffered drought as well as low price conditions.

"To raise growth from its current medium term trend of 1–2%, Zimbabwe will need to correct key macroeconomic balances.
 
"Capital flows, including external borrowing and asset sales, are sustaining consumption growth by financing an unsustainably high current account deficit," Kipson Gundani, economist with the Buy Zimbabwe pressure and lobby group, said on Thursday.

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