Four years of Masisinomics

When assuming the presidency on April 1, 2018, Masisi would never have imagined that his tenure would experience the sharpest economic drop the economy has suffered since Independence or the largest loss of jobs since that time.

Economists have penned an expression for such “bolt from the blue” occurrences: black swan event. Lebanese-American finance professor, Nassim Nicholas Taleb, who coined the expression, says black swan events are “extremely rare with severe consequences,” and cannot be predicted beforehand, “though after the fact, many falsely claim it should have been predictable”.