Consumer spending continues growing

Consumer spending continues growing
Published: 13 July 2018
Zimbabwe consumer spending keeps growing, as demand for basic and fast-moving consumer to firm due to excessive monetary build up in the economy that is driving stronger demand for products, economic analysts said.

They also argue that most producers of goods have been accessing foreign currency at a subsidized bank rate of about 50 percent discount to the unofficial market rate.

According to economists, the 56 percent increase in broad money supply over the last two years had not been supported by con-comitant growth in GDP.
- Business Weekly
Tags: Consumer,


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