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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

Commodity slump to further weaken economies

Posted on 04 March 2016

The persistent slump in commodity prices and a strong US dollar will have adverse effects on the growth prospects for most Southern African economies thereby reducing export competitiveness in those countries, an expert has said.Zimbabwe, along with most economies in the region, rely heavily on mineral exports but lower demand from the Chinese market as well as the appreciation of the United States dollar has had significant impact on revenue from these minerals.
The greenback has been enjoying its fastest rise in 40 years this year as it is strengthening dramatically against all the world’s other major currencies………………………………………..Full Article: Source


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