Choppies Forecasts Good Returns From Deflated Zimbabwe

Monday, March 24, 2014

Choppies Enterprises Limited has stated that though Zimbabwe is undergoing deflation, the company’s business prospects in the country will not be affected.

The retailer says that the Zimbabwean economy is US Dollar based and the strength of the currency will cushion it from any negative impact.

Zimbabwe moved into deflation after the annual rate of inflation for February shed 0.90 percentage points to minus 0.49 percent due to continuing price fall with some economists seeing this as a temporal phase of price self correction.

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