Zimbabwe Inflation Reaches Record Rate
“Zimbabwe’s inflation has soared to an annual rate of 359 percent, one of the highest rates in the world. There is little chance that the government can reverse the trend of hyperinflation without extraordinary measures.” This Voice of America report goes on to say: “Economists say the International Monetary Fund’s (IMF) recent prediction of 400 percent annual inflation by year-end will be outstripped, and one-thousand-percent is more likely.”
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