Inflation surge wipes out economic growth hopes
LIVINGSTONE MARUFU Rampant inflation has wiped out Zimbabwe’s hopes of 3.8% economic growth and increased local firms’ capacity utilisation amid a surge in costs thereby threatening business viability. Zimbabwe month-on-month inflation rate in June raced to 74.5% from 15.7% in May. The year-on-year inflation rate for June jumped to 175.8%. from 86.5% in May….
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