Low exports deterring Zim economy

Low exports deterring Zim economy
Published: 06 March 2014

The country's poor export performance has failed to power the fledgling economy to reach its job-creating potential, an international expert has said.

Addressing delegates at a high level seminar on trade and competitiveness yesterday, country director for International Growth Centre Richard Newfarmer said between 1990-2009, export values declined in nominal terms.

"Export values are up since dollarisation, but non-minerals volumes lag. Agriculture and manufacturing are still low, mining is growing sharply and agriculture is beginning to recover," Newfarmer said.

He told the seminar, held under the theme Zimbabwe in the World Economy, that the mining sector's export contribution between 2001-2008 was 60% and it increased to 68% between 2009 and 2012, with agriculture and services contribution to exports increasing to 30% and 4% respectively.
- newsday
Tags: Zimbabwe,


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