Zimbabwe is anticipating a reduction in inflation and a sharp decline in inflation in the coming years, Finance Minister Mthuli Ncube said on Thursday.
Speaking on finance in parliament, Ncube said his target was a decrease of 1.5% of GDP in 2022 and 1.7% of GDP in 2023, compared to a decrease of 0.5% of GDP this year.
Join us for a lively discussion with Moneyweb, and gain access to market shows and data tools while contributing to better journalism.
R63/ month or R630/ year
You can ban every time.
The average annual decline is expected to drop from 94.6% in 2021 to 32.6% next year, the forecast showed.
President Emmerson Mnangagwa has struggled to revive Zimbabwe’s economy since ousting his former adviser Robert Mugabe in a November 2017 ruling.
Although government officials have changed some of Mugabe’s economic policies, millions of people are still living in poverty and migration, including the illicit financial market, hampering business.
Mnangagwa has so far failed to take steps to improve relations with Western governments, which continue to accuse his government of violating human rights and harassing dissidents.
Original Article reposted fromSource link
Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @ gmail.com
I assure you that, I will remove the infringing content Within 48 Hours.