Zimbabwean industry says dollarisation will retard Zimbabwe’s GDP growth
Published on: Tuesday 28 February 2023
THE Confederation of Zimbabwe Industries (CZI) says while full dollarisation of the economy will slow down inflation, the increased use of foreign currency may retard gross domestic product (GDP) growth and make local exports less competitive. Rising inflation and weakening has led to the increased use of the United States dollar as many ditch the…
