73702
Zimbabwe  Sinks Deeper Into Abyss
Zimbabwe  Sinks Deeper Into Abyss

Zimbabwe Sinks Deeper Into Abyss

Zimbabwe Sinks Deeper Into Abyss

Revelations that Zimbabwe’s ability to attract investment has further declined, according to the latest World Economic Forum’s 2017-2018 Global Competitive Index, which ranked the southern African country 124th out of 137, is testament to government’s failure to put in place consistent policies that fuel economic growth and attract capital, AllAfrica reported. Though Zimbabwe’s ranking is lower than the 126th of last year, economist Roberto Crotti of the Geneva-based WEF Competitiveness Research, said that should not be mistaken for progress, considering its score of 3.3 out of 7. “Although the rank has gone up two places, the performance, if you look at the score, the country’s performance is likely worse than last year actually. The rank looks at the relative position and the score looks at the performance over time,” Crotti explained. He said Zimbabwe’s business environment has proved challenging to operate in for local, as well as foreign businesses, due to the country’s monetary and fiscal standing which have affected overall macro-economic performance.

 

Short URL : https://goo.gl/L8oFLw
  1. https://goo.gl/XnJsMb
  • https://goo.gl/RjKtrc
  • https://goo.gl/C28rAk
  • https://goo.gl/pPLEkk
  • https://goo.gl/FqXvUu

You can also read ...

Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
At present, the majority of investments are still being done in oil-gas and traditional industries while there is still almost no SME sector in the country.
While Saudi Arabia’s latest budget figures show progress in...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
EU, Mercosur Discuss Trade Deal
The European Union and South America’s Mercosur bloc could...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus