‘Adopt data-driven policy’

Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — they warned this week that raising the tax burden on companies and consumers too rapidly in a recovering economy would backfire.

MONETARY and fiscal authorities should maintain a data-driven policy approach amid the potential for fuel, food, electricity and imported input costs to generate renewed inflationary pressures, a local research firm has said. The call comes as Zimbabwe has recorded improved macroeconomic stability this year, with annual inflation remaining in single digits and the ZiG exchange…

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