ECONOMC INDICATORS

Imports rise 26%, forex pressures worsen

ZIMBABWE'S import bill rose 26% in the six months to July 31 this year, driven by firming demand for fuel and food.Data for January is missing.The growing import pressures also saw the country's trade...

By Staff reporter | Published: 12 September 2018

ECONOMC INDICATORS

'Zim GDP growth to go up by 15% next year'

Zimbabwe's economy will register a significant Gross Domestic Product (GDP) growth of 6,5% this year, before shooting to 15% next year, should next week's elections be credible, with a clear winner, a...

By Staff reporter | Published: 27 July 2018

ECONOMC INDICATORS

Inflation rises marginally

YEAR-on-year inflation rose marginally to 2,91 percent last month after gaining 0,20 percentage points from May, data from the Zimbabwe National Statistics Agency (Zimstat) shows.Zimstat indicated tha...

By Staff reporter | Published: 24 July 2018

ECONOMC INDICATORS

Zimbabwe inflation rate hits 2,91%

Zimbabwe's annual rate of inflation for June gained 0,20 percentage points to 2,91 from 2,71 percent in May, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. "This means th...

By Staff reporter | Published: 18 July 2018

ZIMBABWE

RBZ increases cash injections to $150m

RESERVE Bank of Zimbabwe governor John Mangudya says the central bank has increased the foreign currency injections into the economy by 50% to $150 million a month to ease forex shortages.This came am...

By Staff reporter | Published: 16 July 2018

ZIMBABWE

Economists ponder Zimdollar return

ZIMBABWE will have to use the parallel market rate to determine the official exchange rate when it introduces a new currency, economic commentators have said.The country adopted a multi-currency syste...

By Staff reporter | Published: 27 June 2018

ZIMBABWE

'Cash shortages will end,' says Mnangagwa

Government will soon unveil systematic measures to comprehensively address cash shortages, while introduction of a local currency will remain a long-term objective, President Emmerson Mnangagwa has sa...

By Staff reporter | Published: 24 June 2018

ZIMBABWE

World Bank finalises funding for Zimbabwe

The World Bank is concluding funding requirements for Zimbabwe as part of processes to start lending to the southern African country, Finance and Economic Planning Minister Patrick Chinamasa has said....

By Staff reporter | Published: 22 June 2018

ECONOMC INDICATORS

Zimbabwe inflation remains constant at 2.71%

ZIMBABWE's year-on-year inflation remained constant at 2,71 percent in May, official data from the Zimbabwe National Statistics Agency (Zimstat) shows.The month-on-month inflation rate was at 0,05 per...

By Staff reporter | Published: 19 June 2018

ECONOMC INDICATORS

Falling SA rand hammers ailing Zimbabwe

THE alarming fall of the South African rand against major currencies - over the past few months - is likely to hit Zimbabwe's ailing economy hard.Although Harare continues to resist local industry's i...

By Staff reporter | Published: 15 June 2018

ZIMBABWE

Trade deficit destabilises economy

THE widening trade deficit which reached almost US$1 billion in the first four months of 2018 continues to wreak havoc on the deepening economic crisis despite government's repeated claim that the cou...

By Staff reporter | Published: 08 June 2018

ZIMBABWE

Boost for Zimbabwe infrastructure

Zimbabwe has received a massive infrastructure boost after the country last week became the nineteenth member state of the Africa Finance Corporation (AFC) - the continent's leading infrastructure dev...

By Staff reporter | Published: 28 May 2018

ECONOMC INDICATORS

Zimbabwe exports up 46%

ZIMBABWE's exports increased by 46 percent to $329,6 million in the first four months of the year compared to $225,6 million during the comparable period last year, official trade figures show.The imp...

By Staff reporter | Published: 15 May 2018

ECONOMC INDICATORS

IMF reviews Zimbabwe's economic growth rate

The International Monetary Fund has reviewed Zimbabwe's economic growth rate for this year and sees growth picking up next year as the country moves away from the difficult period it has been going th...

By Staff reporter | Published: 23 April 2018

ECONOMC INDICATORS

Annual inflation rate now 3.52%

Zimbabwe's annual rate of inflation gained 0,6 percentage points in December 2017 to 3,52 percent in January 2018, latest official data shows, partly driven by the 2018 back to school spending.The Zim...

By Staff reporter | Published: 20 March 2018

ECONOMC INDICATORS

Inflation declines, experts query data

THE year-on-year inflation rate for the month of February stood at 2,98%, after shedding 0,54 percentage points on the January figure, the country's statistical agency has said.In January, annual infl...

By Staff reporter | Published: 19 March 2018

ZIMBABWE

Forex crisis weighs on Zimbabwe economy

THE depletion of banks' nostros accounts, used to fund foreign payments, created serious settlement problems for international payments and resulted in most banks having a backlog for telegraphic tran...

By Staff reporter | Published: 15 March 2018

ECONOMC INDICATORS

Zimbabwe inflation declines to 2.98%

Zimbabwe’s inflation rate for the month of February shed 0.54 percent to settle at 2.98 percent compared to the January inflation rate of 3.52 percent, official statistics show.The Zimbabwe National...

By Staff reporter | Published: 15 March 2018

ECONOMC INDICATORS

Inflation rises to 3.52%

ZIMBABWE's year-on-year inflation gained 0.06 percentage points last month to 3.52 percent from the December 2017 rate of 3.46 percent, official statistics show.The Zimbabwe National Statistics Agency...

By Staff reporter | Published: 19 February 2018

ZIMBABWE

Zimbabwe strikes World Bank deal

Zimbabwe is on the verge of breakthrough to start receiving concessionary finding support from the World Bank for the first time in nearly two decades after the Bretton Woods institution agreed to eng...

By Staff reporter | Published: 26 January 2018

ECONOMC INDICATORS

Zimbabwe inflation hits 5-year high

ZIMBABWE'S national statistics agency this week moved to defend official inflation data following criticism that its figures seemed to understate resurgent price increases largely driven by an acute f...

By Staff reporter | Published: 18 January 2018

ECONOMC INDICATORS

Inflation stands at 3%

ZIMBABWE'S year-on year inflation rate closed 2017 at 3.46 percent gaining 0.49 percentage points on the November rate of 2.97 percent, official figures show.This means that prices as measured by the ...

By Staff reporter | Published: 17 January 2018

ZIMBABWE

Zimbabweans stash $1 billion offshore

FUNDS held by Zimbabweans in offshore banks rose to US$1 billion last year, having declined to US$300 million four years ago, following escalating political risk and uncertainty at home, Reserve Bank ...

By Staff reporter | Published: 14 December 2017

ZIMBABWE

Consumer goods prices continue to soar

Zimbabwe consumer prices are surging as basics mark their fastest rise this year, with experts blaming the rise on profiteering by retailers.The price of beef soared month-on-month to $7,50 per kg thi...

By Staff reporter | Published: 06 December 2017

ZIMBABWE

Zim trade deficit narrows to $1,56 billion

ZIMBABWE'S trade deficit narrowed by 28% to $1,56 billion in the 10 months of the year on the back of increased exports despite an uptick in imports, latest trade data from the national statistics age...

By Staff reporter | Published: 28 November 2017
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