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Shame Profile picture
Shame
@ExpBusinessSA
Dr Shame Mugova is a Zimbabwean Financial Analyst/Economist and Business Consultant. PhD in Finance
Oct 14, 2019 • 10 tweets • 2 min read
Economic growth thread
1. There are 2 ways to cause economic growth
1. Increasing government expenditure(this will increase aggregate demand if they spend more on salaries of docs, teachers). Expansive fiscal policy
2. Cutting taxes(This increases aggregate demand) @Wamagaisa 2. Government should play with these two, and not overdoing it to cause excessive budget deficits.
Austerity on the other side, is not applicable to our current situation.
Aug 3, 2019 • 8 tweets • 2 min read
@Wamagaisa 1/1Budget surplus should be achieved in periods of economic growth, not in periods of negative growth as in Zim's case. Cutting government expenditure reduces rate of growth, it means the economy is performing below it's potential. 2 Mthuli's targeting a budget surplus, and the austerity and fiscal tightening mean that the economy runs below full potential and leads to higher unemployment than otherwise. Also industry closures due to lack of demand.