THE International Monetary Fund (IMF) predicts Zimbabwe’s inflation to go up

Image result for IMF director of the African Department Abebe Aemro Selassie in zimbabweTHE International Monetary Fund (IMF) predicts Zimbabwe’s inflation to quicken, in light of the recent price increments and high premiums on the parallel market.

This comes as the IMF has listed Zimbabwe as one of the 20 countries in a “fragile situation” due to fiscal challenges in a regional Economic Outlook for sub-Saharan Africa 2017 report which was launched yesterday in Harare. 

“Our projections for inflation earlier in the year would have suggested for inflation to be low single digits, but in light of developments more recently, including the injection of additionally liquidity inflation will be higher.

We have not done the whole macro-economic framework, so I hesitate what the inflation number will be, but I think you know it is important to step back and look at what we see and think are the challenges in Zimbabwe,” IMF director of the African Department Abebe Aemro Selassie, at a Press conference after the launch of the report, said.

Read more: Newsday

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