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*No Joy As 2019 & 2020 Imports Are Projected To Outweigh Exports* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ec The Ministry of Finance and Economic Development has projected that the country will, in 2019 and 2020, export commodities with a value less than the cost of exports. This means that Zimbabwe will literally continue to export all the foreign currency that gets into the country. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- In the recently published 2020 pre-budget strategy document, the Finance Ministry projected that the country’s exports will record US$5 billion, against imports of US$6.3 billion to give a current account deficit of US$238 million. Although the projections do not present an encouraging picture, the Ministry observes that the projections reflect an improvement compared to most recent years. The Ministry said: > This reflects a major shift towards a balanced current account through export promotion supported by import management measures, which prioritise essential inputs and capital equipment as opposed to non-essential imports. > In 2020, exports are projected at US$5.5 billion with imports growing to US$6.6 billion on account of higher imports of essential inputs and equipment, including electricity and fuel. The Ministry also projected that the economy will further deteriorate in the remainder of the year before it regains in 2020. This projection is consistent with that of the International Monetary Fund. More: The Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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