Zimbabwe economy

Zimbabwe's faltering economy is taking its toll on motorists who are abandoning their cars in garages for long periods due to lack of funds.
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A deepening unease is settling over Zimbabwe as the country's fragile local currency loses value at an alarming speed, prices soar, local and foreign businesses close their doors, and people wonder whether their savings are about to be…
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The Minister of Finance and Economic Development, Professor Mthuli Ncube, has said developments in the currency market in Zimbabwe are an indicator that the economy is “self dollarising” in response to prevailing market forces.
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Ever since the start of the year, prices of basic commodities have increased significantly but at the same time salaries of most workers have remained the same.It’s no secret but generally there is a three-way pricing system currently…
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Analysts have raised fears that the country’s troubled economy could soon plunge into another full blown crisis akin to the ugly 2008 hyper-inflationary era — unless the government acts urgently to address the wave of price increases, as…
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It is not misplaced to say every well-meaning Zimbabwean is concerned about what has been happening in our country since the country held its hotly-contested polls on July 30, including the killing of six people.
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A European investor's phone rings in a Harare restaurant and it's good news: an $80 million construction deal has been agreed with the Zimbabwean government. All that's needed now is a central bank guarantee letter. It never arrives.
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Zimbabwe’s budget deficit will soar to $1.82 billion or 11.2 percent of GDP this year from an initial target of $400 million, new Finance Minister Ignatius Chombo told parliament on Thursday. 
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Experts have issued a fresh warning that the country is now a touch away from an economic disaster similar to the meltdown of 2008 when local inflation hit world record levels and supermarket shelves went empty for months on end.
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Zimbabwe’s Finance Minister on Wednesday said the southern African nation would not be able pay $1.8 billion in arrears to the World Bank and African Development Bank (AfDB) until economic fundamentals improve.
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