Zimbabwe: Inflation Set to Hit 100 000 Percent

Harare — THE International Monetary Fund (IMF) this week said Zimbabwe's year-on-year inflation rate could reach over 100 000 percent by the end of the year, news agency reports said, casting a pall on economic reforms by the government and reinforcing fears of an unprecedented economic meltdown.

The IMF forecast is an upward revision of forecasts made by the Bretton Woods institution on Zimbabwe early this year.

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