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Zimbabwe: The state of Zimbabwean economy

The state of the economy in Zimbabwe from Economic Views of Zimbabwe blog: “We closed 2009 with an average inflation rate of minus 7,7%, but from April this year it is likely that the negative numbers will start moving quickly into less comfortable positive inflation rate figures. Because of the contrast against the low index numbers reached by June 2009, it appears likely that the rate by June 2010 will reach or exceed 5%.”

2 comments

  • Tim

    Today (9 February 2010) The Herald in Zimbabwe is indicating a positive movement of inflation especially on food stuffs. I was speaking to a number of colleagues who confirmed this. For example the biggest fast food in Zimbabwe – Inscor- owners of Nandos and Chicken Inn recently increased the price of take-ways by as much as US$1.00 in some cases.

    It looks like if this trend remains we will see a return of cross boarder travellers going to buy basic groceries in South Africa

  • This situation in Zimbabwe has become something that I taken very seriously in my thoughts about globalization. They are in a critical situation that requires a great deal of attention, patience and tolerance. More and more people are leaving the country entirely because of the impact the country has seen.

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