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11/06/2004:

"Campaign to discredit economic gains intensified"

The opposition had been banking on economic deterioration to win next year's general elections with predictions that inflation would be hovering around 4 000 percent by March with chronic shortages of food, fuel and foreign currency, among other essentials.

However, Dr Gono’s policies have led to a drastic fall in inflation resulting in price stability, constant fuel supplies, stabilisation in the foreign currency markets, and keeping the productive sector going, among other things.

The central bank has also managed to arrest the rot in the banking sector, which had been fuelling externalisation of foreign currency and massive speculation on basic goods and commodities as depositors’ funds were used to hoard almost everything that could be sold from bricks to motor vehicles and groceries.

Full Article : zimbabweherald.com