ECONOMC INDICATORS

Inflation remains unchanged

Consumer Price Index (CPI) inflation remained unchanged in August after showing an upward trajectory for six consecutive months between November 2016 and May 2017.Zimbabwe recorded price inflation of ...

By Staff reporter | Published: 18 September 2017

ZIMBABWE

MDC Alliance targets $100 billion economy

FORMER finance minister and MDC Alliance principal, Tendi Biti, says the alliance government is targeting at a $100 billion economy which will create mass employment, NewZimbabwe.com reported.Speaking...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

Re-introducing Zimdollar will be economic suicide

THE adoption of bond notes as official currency would worsen the parallel market, thereby, quickening inflation, analysts have warned.Last week, government's top adviser on ease of doing business refo...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

'Zim heading towards de-dollarisation'

THE central bank's decision to more than double the size of its bond-note programme to $500 million confirms the country is headed towards de jure de-dollarisation, which threatens to accelerate infla...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

Zim economy rebound pie in the sky

ZIMBABWE'S economy continues to be in the doldrums despite the government claiming it is on the rebound, industry officials have said.Over the years, government officials have been talking about an ec...

By Staff reporter | Published: 03 September 2017

ECONOMC INDICATORS

Zim-SA trade deficit widen by 15%

THE trade deficit between Zimbabwe and South Africa widened by 15% to $131 million in the first seven months of the year, latest trade data from the Statistics Agency shows.Data gathered from the Zimb...

By Staff reporter | Published: 30 August 2017

ZIMBABWE

Zim trade deficit narrows to $1.2bn in 7 months

ZIMBABWE'S trade deficit narrowed by 21 percent to $1,2 billion in the first seven months of the year, latest trade data from the statistics agency shows.Figures from the Zimbabwe Statistics Agency (Z...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

Gold set to make Zim economy self-sufficient

THE Reserve Bank of Zimbabwe (RBZ) says the production of about four tonnes of gold a month could help the country's economy become more self-sufficient.Speaking to guests at a fundraising dinner host...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

FDI into Zimbabwe doubles in 2017

Foreign direct investment to Zimbabwe doubled in the first half of 2017 compared to the same period last year following President Mugabe's clarification of the National Indigenisation and Economic Em...

By Staff reporter | Published: 28 August 2017

ECONOMC INDICATORS

'Zimbabwe inflation decline short-lived'

ECONOMIC analysts have warned that Zimbabwe's year-on-year inflation, which slowed down to 0,14 for the month of July from 0,31 percent in June, would still trend upwards by year-end due to worsening ...

By Staff reporter | Published: 24 August 2017

ECONOMC INDICATORS

Zimbabwe inflation decreases

THE country's year-on-year inflation shed 0.17 percentage points to 0.14 percent in July, figures from the Zimbabwe National Statistics Agency (Zimstat) show.Month-on-month inflation also fell from -0...

By Staff reporter | Published: 17 August 2017

ECONOMC INDICATORS

Zimbabwe's 2017 inflation forecast at 2 - 3%

Zimbabwe's inflation is forecast to rise to around two to three percent at the end of this year, before accelerating sharply in 2018 due to election spending.The annual inflation rate, which had been ...

By Staff reporter | Published: 11 August 2017

ECONOMC INDICATORS

Cost of living up 0.2%

THE cost of living increased by 0.2 percent to $576.84 last month from $575.71 in June largely due to suspension of sales promotions by the retailers, the Consumer Council of Zimbabwe has said.Followi...

By Staff reporter | Published: 11 August 2017

ZIMBABWE

Budget deficits threat to Zim economy, says WB

WORLD Bank representative in Zimbabwe, Johannes Herdeschee has said while the country faced a myriad of problems, fiscal deficits, which have ballooned to 10% of gross domestic product, were the bigge...

By Staff reporter | Published: 08 August 2017

ZIMBABWE

Exports rake in $4.9 billion

Zimbabwe has generated exports worth US$4.9 billion since the introduction of the five percent export incentive scheme in May last year, representing a 14 percent increase on foreign currency receipts...

By Staff reporter | Published: 03 August 2017

ZIMBABWE

South African exports to Zimbabwe fall

South Africa is feeling the pinch of the tight import controls gazetted by the Zimbabwean government with statistics indicating the volume of exports have registered a 10 percent drop since January.Zi...

By Staff reporter | Published: 02 August 2017

ZIMBABWE

Zim trade deficit narrows by 5% in first half

ZIMBABWE'S trade deficit in the first half of the year narrowed by 5% to $1,3 billion, an indication that the country continues to rely on foreign-produced goods in spite of government efforts to halt...

By Staff reporter | Published: 01 August 2017

ZIMBABWE

Zimbabwe economy continues to shrink

ZIMBABWE's economy has continued to shrink, leading to growing unemployment and significant underemployment, an international research body has said.A recent Business Monitor International (BMI) repor...

By Staff reporter | Published: 01 August 2017

ZIMBABWE

Bond notes to account for 50% of money in circulation

BOND notes are likely to end up accounting for 50% of the money in circulation by year-end given their current dominance in a both the formal and informal markets, a local economist has said.Ashok Cha...

By Staff reporter | Published: 27 July 2017

ZIMBABWE

Zim to achieve 3.7% economic growth

The Macro-Economic and Financial Management Institute for Eastern and Southern Africa(MEFMI) says Zimbabwe is on course to achieve the 3.7 percent growth rate this year on the back of policies to resu...

By Staff reporter | Published: 24 July 2017

ZIMBABWE

'Total exports to grow to $3.9bn by year-end'

GOVERNMENT has projected that total exports will grow to $3,9 billion by year-end driven by a strong performance in tobacco, platinum group metals (PGMs), nickel and many others.In his 2016 annual bud...

By Staff reporter | Published: 24 July 2017

ZIMBABWE

'Chinamasa fiscal review an admission of failure'

Finance minister Patrick Chinamasa's mid-term fiscal policy review is "empty" and an "insult" to long-suffering Zimbabweans, which proves an admission of leadership failure, opposition parties said.P...

By Staff reporter | Published: 23 July 2017

ZIMBABWE

Zim budget overrun sours to $900 million

The government had a budget overrun of a whopping $902,2 million by the end of 2016 on the back of huge employment costs and agriculture recovery that were largely unplanned for in the annual budget.P...

By Staff reporter | Published: 22 July 2017

ZIMBABWE

Mugabe's govt continue with reckless spending

GOVERNMENT is continuing with its reckless spending spree - with President Robert Mugabe's office leading the way, overspending by US$43 million - as its unsustainable budget deficit scaled almost US$...

By Staff reporter | Published: 21 July 2017

ECONOMC INDICATORS

Zim inflation to hit 7% by Dec, says IMF

A 200% increase in money supply between December 2015 and May 2017 is unsustainable and could stoke inflationary pressures in the economy, the IMF has warned.IMF mission chief for Zimbabwe Gene Leon ...

By Staff reporter | Published: 21 July 2017
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