Economy shrinking because of uncertainty


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Finance Minister Tendai Biti today said the economy could have shrunk by up to 3 percent during the first quarter of this year due to election uncertainty as well as low farm output, declining tax revenues and export earnings. “The elephant in the living room evidently is the election and the sooner there is clarity on the dates from the politicians the better for the economy,” Biti said.

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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