Are Zimbabwe's economic problems exaggerated?

 
Last Updated: Saturday 04 July 2015

Zimbawe may soon run out of gr (Credit: EU)After a four-day-long summit of the 14-nation South African Development Community (sadc) in Lusaka, Zambia, the region's leaders have said: "We feel the problem in Zimbabwe has been exaggerated; Zimbabweans are quite adept at solving their economic problems." The country is facing the worst economic crisis with the highest inflation rate in the world.

Following the summit, there was a consensus that finance ministers within sadc must work on strategies to revive Zimbabwe's economy and regional economies must support it.

Meanwhile, as food security continues to deteriorate, local millers have warned that Zimbabwe may soon run out of grain.

In a report, the Famine Early Warning System Network, a us agency, has termed the situation in the country as a state of 'emergency'.

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