Zimbabwe economy heads for deflation point

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ZIMBABWE’S economy will hit the deflation point next month if the current downward trend in inflation continues, a leading economist said yesterday.
Deflation occurs when the inflation rate reaches below zero percent.

The economy recorded sustained disinflation towards the end of 2013, with the annual year on year inflation closing the month of November at 0,54 percent.

The Zimbabwe National Statistics Agency is due to release December inflation statistics this week.
Economist Joseph Mverecha told a post Budget meeting for members of Parliament that the downward trend in inflation was likely to persist.

Editor's Comment
Khama and gov't must step right

Whilst the government seeks to clarify boundaries between elected councillors and Dikgosi, and Khama defends the autonomy of Bogosi, this dispute musn't spiral into division. All parties must step back, breathe, and commit to dialogue rooted in mutual respect and the rule of law.Botswana’s strength lies in its unique blend of modern democracy and deep-rooted tradition. Dikgosi, as custodians of culture and community justice, hold immense...

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