Zimbabwe’s economy and standard of living is degrading uninterruptedly. Prices of basic items like meat, cooking oil and clothes had risen 223 percent. The economy of the country damaged by hyperinflation is finding it hard to pay its employees. Hyperinflation reached a record annual rate of 1[...]
Posts Tagged ‘Zimbabwe’
June 12th, 2012 - 10:36 am § in News Of Economy
Zimbabwe inflation rises record 1,600 percent
Inflation in Zimbabwe has touched the record annual rate of 1,593.6 percent than 1200 percent month before as daily needs items like electricity, gas and food’s prices increasing day by day. Country economy is showing adverse effect as its all major sector includes primary, secondary and servi[...]
May 4th, 2012 - 1:13 pm § in News Of Economy
Inflation of Zimbabwe touches a record figure of 2,200%
Did you ever think in your wildest dreams that inflation could reach four figures? This has happened in Zimbabwe where inflation has jumped to a record figure of 2,200% in March. All this is happening as a result of widening political and economic crisis in the country. Both food and non food have b[...]
April 21st, 2012 - 9:57 am § in News Of Economy
Zimbabwe’s inflation mounts to 3,714 percent
As the day passes, Zimbabwe’s inflation rates became sorer. In the previous month, Zimbabwe’s rate of inflation has touched new heights as it surged to 3,714 percent and The International Monetary Fund (IMF) warn that Zimbabwe’s annual rate of inflation will reach more than 6,400 p[...]
April 18th, 2012 - 9:26 am § in News Of Economy
Broke Mugabe set to plunder Zimbabwean industry
Zimbabwe government is giving another jolt to its shattered economy as President Robert Mugabe announced to seize majority shares in all of Zimbabwe’s foreign-owned businesses and mines, which could jeopardize the inflation smacked economy. Zimbabwe government alleges that initially it will ta[...]
April 11th, 2012 - 6:50 am § in News Of Economy
Stock exchange surges in Inflation-affected Zimbabwean economy
Inflation cursed Zimbabwean economy expected to shatter within six months with the growing failure of Mugabe’s Government, but surging Zimbabwe Stock Exchange share prices trebling in real terms in just 22 weeks, stunned everyone. Economists are in a fix and searching economic quandary, how shatte[...]
January 28th, 2012 - 1:49 pm § in News Of Economy
Zimbabwe inflation rate mounts 7,600%
What can be worse for an economy if its inflation increases at the pace of 2000% per month? I am not leaving you in a quandary, but Mugabe-led Zimbabwean economy is actually affected by the inflation, which has risen to 7,634.8%, the highest in the world till now. An official report, issued by Zimba[...]