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Danette Breitenbach 23 Apr 2025
2008: Another year of marked economic decline
When banker Nigel Chanakira recently described Zimbabwe's state of the economy as a “dead man walking” at the Confederation of Zimbabwe Industries annual conference, his remarks were seen by some delegates as insensitive.
The year 2008 will go down as a historic one for both good and bad reasons on the economic front.
The country's official inflation rate was 100 580,2% in January rising to 231 million % in July.
Inflation figures have not been announced since, with independent economic analysts estimating the rate to be above one billion percent.
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