Macroeconomic Forecast Zimbabwe

October 2008 | Macroeconomic Forecasts

BMI View: The official inflation rate for July is 231,000,000% - which would imply prices double approximately every 17 days - but the Cato institute has estimated inflation in September has reached 531,000,000,000%, which implies prices doubling every 11 days. No matter the exact figure, it is clearly impossible for an economy to operate normally in such a context.

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