Commodities boom may prolong Zim's economic crisis - report

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Harare - While most African countries are eagerly anticipating a boom in commodity prices, the uptick may actually be negative for a country like Zimbabwe.

This is according to BMI Research, an independent research house and a sister company to Fitch Ratings, both of which are units of Fitch Group. In its latest Africa Monitor report, it said rising commodity prices will allow a continuation of unorthodox policy decisions that will only prolong long-term economic stagnation in Zimbabwe.

“We see higher commodity prices as a mixed blessing in Zimbabwe,” said the report, adding that a history of unorthodox policies have weighed on inward investment. 

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