Zim misses out on commodity boom

Zimbabwe is likely to miss out on the global commodity boom as production levels have remained subdued in most sectors of the economy, analysts have said.

According to Fiscal Monitor released by the International Monetary Fund (IMF) this week, despite the high international prices for minerals and fuel most emerging countries like Zimbabwe were yet to benefit from these and were likely to miss the boat.

Gold, platinum and silver have been fetching high prices in recent months buoyed by rising demand in the world’s largest consumers, notably China and India, whose economies are expanding at a fast pace.

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