We are nowhere near 2008, we are not heading towards hyperinflation says govt advisor

 

University of Zimbabwe economics professor and government’s top advisor on Ease of Doing Business reforms as well as Senior Advisor of the Strategic Economic Research Program Professor Ashok Chakravarti has said that Zimbabwe’s economy will not recede back to the hyperinflation era. Professor Ashok Chakravarti said there are better policies this time around. Speaking at a pre-budget seminar organised by Parliament on Friday, Chakravarti said:


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We are nowhere near 2007. We are nowhere near 2008. We are not heading towards hyperinflation, as some people are saying, that is not going to happen because we have much better policies at the moment.

Another economist, Gift Mugano said the government should work on removing the red tape as this was hindering business. Said Mugano:

In Mauritius to export you need one document, but in Zimbabwe, you need at least 10 documents. Some of the requirements need to be streamlined. In Zimbabwe, you spend three days to put in place exporting documents, but in Botswana, you need just eight hours.

More: NewsDay

University of Zimbabwe

The University of Zimbabwe is the oldest tertiary institution in Zimbabwe that offers degrees, diplomas and certificates in various disciplines such as agriculture and law. Read More About University of Zimbabwe

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We are nowhere near 2008, we are not heading towards hyperinflation says govt advisor