Business / Economy
Zimbabwe inflation target on course
22 Jun 2013 at 11:26hrs | Views
A global report for developing economies says Zimbabwe is on course to achieve a projected five percent inflation rate despite capital constraints affecting the economy.
The report that was released this week says although the government is failing to achieve most of the fiscal objectives, it is however on course to attain its inflation target by year end.
The Permanent Secretary in the Ministry of Economic Planning and Investment Promotion, Dr Desire Sibanda says despite funding challenges, government is however committed to stabilising the economy.
"We can still achieve more… remember our inflation target is still within our course," said Dr Sibanda.
Zimbabwe's inflation which is hovering at 2, 20 percent has been described by a SADC economic indicator as the least in the region.
However, economic observers are worried whether the figures are translating into reality given the current economic challenges.
The report that was released this week says although the government is failing to achieve most of the fiscal objectives, it is however on course to attain its inflation target by year end.
The Permanent Secretary in the Ministry of Economic Planning and Investment Promotion, Dr Desire Sibanda says despite funding challenges, government is however committed to stabilising the economy.
"We can still achieve more… remember our inflation target is still within our course," said Dr Sibanda.
Zimbabwe's inflation which is hovering at 2, 20 percent has been described by a SADC economic indicator as the least in the region.
However, economic observers are worried whether the figures are translating into reality given the current economic challenges.
Source - zbc
