Zimbabwe economy turns around

Worries remain despite economy growing by five per cent after years of financial ruin.

Zimbabwe

After 12 years of recession and financial ruin, new figures show that Zimbabwe’s economy has grown by nearly five per cent, with estimates of an even better result next year.

But analysts say Zimbabwe’s shaky coalition government could undermine economic progress.

Robert Mugabe, Zimbabwe’s president, and Morgan Tsvangirai, the prime minister, are feuding over implementing certain terms in a power-sharing deal signed earlier this year.

As Al Jazeera’s Haru Mutasa reports from the capital, Harare, the instability has worried investors in a country where 80 per cent of the population is unemployed.

Source: Al Jazeera