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Zimbabwe Trade Deficit Narrows

Zimbabwe Trade Deficit NarrowsZimbabwe Trade Deficit Narrows

Zimbabwe’s trade deficit narrowed by $98 million (14.5%) to $576 million in the first three months of the year from the same period a year earlier, as exports jumped 15.7% to $724 million driven mainly by mineral exports and tobacco, Yahoo reported. The influx of foreign goods—notwithstanding the implementation of Statutory Instrument 64 of 2016 that restricts the import of more than 42 goods—however continued as imports were flat at $1.3 billion compared to last year. Though there is a noticeable increase in the import of capital goods, significant amounts are still being spent on miscellaneous items.

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