Imara, a Pan-African investment banking group and a source of in-depth investment research on the Zimbabwe market, has predicted better economic performance and increased market activity for Zimbabwe this year. “Zimbabwe’s 2011 budget predicts an economy of US$8 billion, a number that is more realistic, although again too low in our view,” says John Legat, the head of Imara’s asset management division. “An economy greater than US$10 billion is more likely,” he says.
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