Weak Trade Environment To Hurt External Accounts

BMI View: A weak outlook on both the import and export fronts will keep Zimbabwe's trade balance firmly in the red in the coming years. Wider structural deficiencies will continue to dim the investment environment, with a lack of competitiveness keeping the current account deficit above 20% through to 2019.Zimbabwe's current account posted a deficit of 25.1% in 2014 and remains a weakness for the economy. We expect a modest improvement in 2015, of 24.9% of GDP. Although we forecast small...

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