Macroeconomic Forecast Zimbabwe

September 2008 | Macroeconomic Forecasts

Inflation is probably now in the region of 20,000,000%, but reliable estimates are unavailable. The official interest rate and foreign exchange mechanisms are no longer used by the majority of economic agents, and the country is only surviving on the basis of informal trading, with barter increasingly in evidence. While risks to outlook remain paramount, we are cautiously forecasting an improvement in economic fundamentals beginning in 2009 and 2010, as economic policy improves under Tsvangirai's direction and foreign aid begins to trickle in.

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