mo4ch:>Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year | Mo4ch News
The spiraling economic meltdown in Zimbabwe is expected to worsen in 2019, partly due to the out-of-control inflation, the country’s Treasury statistics show.The economy is expected to contract 20 percent in dollar terms in 2019. According to the data, Zimbabwe's GDP rose four percent last year, but the inflation rate accelerated from 20.85 percent in October to 75.86 percent last month.Finance Minister Mthuli Ncube said recently that austerity measures adopted last year were working and would produce a budget surplus.Also on rt.comZimbabwe drops US dollar & relaunches own currency to revive economyHowever, experts say that the economy is officially pronounced 'dead,’ as the latest data and the government’s reforms do not seem likely to make positive changes anytime soon.“Our economy is now dysfunctional and literally dead. We have a real crisis in this country… We don’t have an economy to talk about. We are experiencing so many problems such as fuel, prices are skyrocketi…