| | DECEMBER 20224During the great global recession of 2008, Zimbabwe recorded the second highest incidence of hyperinflation in history, as the country's inflation rate for November 2008 was a staggering 79,600,000,000 percent--essentially a daily inflation rate of 98 percent. Yes, the commodity prices in Zimbabwe nearly doubled every day. With the unemployment rate exceeding 70 percent, the economic activities in Zimbabwe virtually shut down and turned the domestic economy into a barter economy.In truth, Zimbabwe had a slow but steady walk toward this turmoil. The country was once self-sufficient in food production and a major exporter of wheat, tobacco, and corn to the 14-member Southern African Development Community, other African countries, and the wider world. Well, you don't have to search much for the contributing factors. For instance, before 2000, farming accounted for 40 percent of all Zimbabwe's exports. In 2010 though, it dropped to just 2 percent.However, the country is now ready to look forward; the resilience the country manifested during the pandemic and the Russia-Ukraine conflict is a strong testament. An International Monetary Fund (IMF) team led by Dhaneshwar Ghura recently visited Harare in September. Dhaneshwar concluded, "The IMF mission notes the authorities' efforts to stabilize the local foreign exchange market and lower inflation. In this regard, the recent tightening of monetary policy and the contained budget deficits are policies in the right direction and have contributed to the narrowing of the parallel market exchange rate gap". Furthermore, Zimbabwean President Dr. Emerson Mnangagwa has called on investors to realize the massive investment opportunities in Zimbabwe and shun negative perceptions of risk. Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comZimbabwe is Seizing its FutureEditorial Vol 04 · Issue 5 - 1 · DECEMBER, 2022 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Assistant Editor Heena Kousar Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Designers Mrigank Sharma Hari Shankar VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Aveek Pal Chaudhuri Sthitaprajnya Panigrahi HIma P. M.
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