While it may have seemed the economy was finally making a recovery, early investor optimism following the inauguration of the Mnangagwa government has largely subsided due to the slow pace of reforms to improve the business environment.  The economy suffered high inflation and frequent power outages in 2019, which further hampered investment. A lack of implementation of adequate monetary reforms to complement the government's efforts to reduce the budget deficit also undermined investor confidence in the financial sector. Although the government has repeatedly stressed its focus on improving transparency, the ease of doing business, and fighting corruption, progress remains limited under the Mnangagwa administration.