Zimbabwe Among Countries With The Highest Inflation In 2019 – IMF

Zimbabwe has been listed amongst countries with the highest inflation in 2019. According to the International Monetary Fund (IMF), Zimbabwe was only second to Venezuela.

This comes when Zimbabwe’s Finance Minister, Professor Mthuli Ncube, has projected that inflation will be managed until it reaches its lowest levels in both 2019 and 2020.

In his Pre-Budget Strategy Paper (BSP), Ncube projected that the month on month inflation that was said to be around 37 percent in June would drop to 10 percent in 2019 before further falling to around 2 percent at the end of 2020.

Below is the list compiled by IMF.

  1. Venezuela: 10,000,000%
  2. Zimbabwe: 73%
  3. Sudan: 49%
  4. Argentina: 43%
  5. Iran: 37%
  6. South Sudan: 24%
  7. Liberia: 22%
  8. Yemen: 20%
  9. Angola: 17%
  10. Turkey: 17%
  11. Uzbekistan: 16%
  12. Sierra Leone: 15%
  13. Libya: 15%
  14. Haiti: 14%
  15. Egypt: 14%
  16. Nigeria: 11%
  17. Zambia: 10%
  18. Ethiopia: 9%

(IMF)

Ncube’s projections, as indicated in the 2020 Budget, are dependent upon the rains which the budget says will positively impact the Agriculture sector which in turn will have a trickle-down effect on other sectors.

More: The Spectator Index

 


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