Zimbabweans go to the polls on Saturday hoping for an end to a chronic economic crisis that has condemned millions to grinding poverty and prompted the exodus of up to a third of the population. The joint presidential, legislative and local council polls come at a time when the country’s inflation rate has breached the 100Â 000% mark.
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/ 30 November 2007
Zimbabwe’s 2008 budget seems bereft of concrete measures to curb hyperinflation and ill suited to provide the economic rebound it promises a population faced with growing hardship. The Southern African country, facing the uncertainties of presidential and parliamentary elections next year, is in the grip of a punishing recession.
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/ 28 October 2007
An escalating energy crisis has pulled the plug on hopes of reviving Zimbabwe’s economy as production grinds to a halt in a manufacturing sector already battling sky-high inflation. Although central bank chief Gideon Gono said that shelves would soon be full again after a pricing crackdown, analysts say the power deficit will accelerate the meltdown as inflation nears 8Â 000%.