admin
Chad Chawanda Talking Mone
Recession in Zimbabwe is a mere case of severe turbulence in the economy. Zimbabweans need to buckle up as we navigate through turbulence.
T Fastening seat belts during turbulence on a flight does not necessarily mean the plane is going to crash and no one will survive, but it is a precautionary safety measure to comfort you.
The pilot of the plane is not too sure how long the turbulence will go on and provides a solution to minimise the risk if turbulence becomes severe. Similarly, we cannot predict when the economy will be stable and come out of recession or safely out of stress but what is in our hands,is to ensure the damage or risk involved is minimal.
Even gold must be heated in high temperatures to mould it into alluring jewellery. Surviving in difficult times makes us stronger and increases our immunity to fight against all odds. It is high time Zimbabweans showcase similar strength and competency to survive this turbulence.
After winter comes spring, and I can foresee a bright future that would bring in good times and opportunities in Zimbabwe.
We are at an advantage with less competition and abundant opportunities and potential, unlike the developed and developing countries. The competition in international markets is soaring and markets are reaching a saturation point leading to less opportunities.
Successful leaders across the globe are trying to gain a competitive edge by giving more than their best to survive in the market.
People who are successful are fighting as well, and we should take inspiration from them as we have nothing to lose and can only go up from here.
Current unemployment rate in Zimbabwe is pegged at about 95 percent (although figures vary from survey to survey and criteria), with an 80 percent poverty rate, which remains the biggest challenge faced by the people.
The Zimbabwean economy is largely dependent on funding and remittances sent by residents settled abroad. A significant majority of the people in Zimbabwe, live on that funding, which promotes a culture of laziness, negativity and unwillingness to find employment or work up to their potential.
It is becoming difficult to focus on businesses as people tend to give up after a failure and desire overnight success and instant gratification. The other major challenges faced are, depressed agriculture and mining, limited foreign direct investment, currency crunch, high tax rates and a dilapidated infrastructure.
Each individual needs to find and create avenues of generating income to stimulate the economy.
An increase in employment opportunities can help rebuild the economy and reduce the impact of inflation.
Investing in the agricultural sector, through an approach where individuals can collaborate and design a hybrid model to not only produce but also value add to increase the value of exports.
Working on these challenges with a positive attitude and a forward-looking approach is the only solution for reviving Zimbabwe.
Online Reporter