Economic turmoil summarised by key economist

Confusion mounts by the day in Zimbabwe where the economy is in dire straits.  Economist John Robertson has summarised key points from last week’s three government statements in this set of PowerPoint slides. He says it was disappointing that the Finance Minister decided he could best balance the budget by raising taxes, not by cutting costs. .... He says the trust deficit built up over the years by government has not been overcome.... “We have lost our bank balances and pensions as well, as various measures were used to transfer funds to carry on paying government workers...”

View presentation here