Biti to deliver State of the Economy Address

Source: Biti to deliver State of the Economy Address – DailyNews Live

Staff Writer  11 August 2017

HARARE – Opposition Peoples’ Democratic Party (PDP)’s president Tendai
Biti will next week deliver the second edition of the State of the Economy
Address (SEA) in Harare at a venue to be announced in due course.

The PDP said in a statement, Biti – a former Finance minister – is
expected to proffer a raft of solutions to the economic quagmire on
varying issues including land invasions, illicit financial flows,
dwindling revenues, poverty and unemployment.

While the fiscal impulse and a recovery in agriculture following
favourable rainfall after last year’s drought will support moderate growth
in 2017, the IMF has warned that financing constraints and declining
confidence are likely to result in stagnant economic activity in the
medium term.

Political polarisation is also undermining the prospects for fiscal
consolidation and reform, imperilling financial sector and external

“The president will also deal with the political crisis including the
contradicting messages from the State which is at war with itself owing to
the State-party conflation,” PDP said.