Economists warn Mugabe

Economists warn Mugabe
Published: 27 August 2013
Economists have warned President Robert Mugabe's threat to seize the assets of British companies operating in Zimbabwe is likely to deal a fatal blow to the country's economy.

Economists described Mugabe's threat to nationalize foreign owned firms as dangerous posturing which could only discourage foreign investors Zimbabwe desperately needs.

Threats to take punitive measures against British firms if Western powers refuse to lift sanctions will suffocate foreign direct investment FDI and damage the economy.

They indicated the tit-for-tat will not create Zimbabwe jobs, wealth and opportunities.
- dailynews
Tags: Economist, Mugabe,

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