90% of Zim workers pessimistic about economy

Thousands of companies have closed and there have been over 55,000 job losses in the formal sector.

FILE: A new survey shows that 90% of Zimbabwe’s workers are pessimistic about the country’s economy. Picture: EPA.

HARARE - While Zimbabwe's political future hangs in the balance, many feel it's the same for the country's economic future.

A new survey shows that 90 percent of Zimbabwe's workers are pessimistic about the country's economy.

Thousands of companies have closed in the past four years and there have been over 55,000 job losses in the formal sector.

Workers across 18 economic sectors were interviewed in a survey by local experts.

The results, quoted by the source news agency, show that only one in 10 workers felt Zimbabwe's economy was improving.

This growing mood of despondency is hardly surprising.

Finance Minister Patrick Chinamasa has forecast economic growth of just 3.2 percent next year, down from eight percent in 2009 and 2010 when optimism was high during a power-sharing government.