Zimbabwe

BMI View: Inflation reached 1,193.5% in May y-o-y, easily the highest in the world. As far as can be discerned in the difficult world of Zimbabwean statistics, we still believe that... 2006-07-07

We have updated our inflation and exchange rate forecasts. Both indicators are basically in freefall, and it is not impossible to picture prices rising by 2,000 p.a. within the next... 2006-06-13

Between independence in 1980 and 1999 - the recognised start of the current political and economic crisis - real GDP grew by an average of 4.8%. But since 2000, when the arbitrary... 2006-06-12

The economy's decline continues unabated, with 2006 certain to witness the eighth consecutive year of contraction. Based on the few figures available, the country's stock of fixed... 2006-06-12

Inflation reached 913% y-o-y in March, the highest by far in the world. According to semi-official comments by economists from the IMF and other international financial agencies,... 2006-05-10

There have been no recent credible data releases by the government. Inflation is on its way to 1,000%, but even those figures are questionable. Policy trends continue to be deeply... 2006-04-19

In early March the security forces arrested 16 people suspected of being involved in a conspiracy to assassinate Mugabe. Those accused included opposition Movement for Democratic... 2006-04-07

As even the IMF has found, it has become virtually impossible to construct meaningful economic statistics. After a recent visit, Fund economists concluded that it was impossible to... 2006-03-10

Zimbabwe has once again managed to escape expulsion from the IMF by printing vast sums of money to buy the foreign exchange needed to pay off arrears.

The central bank has introduced further changes to the exchange rate regime, but they have done nothing to stabilise the plummeting local dollar. Indeed, their main effect has been... 2006-02-13