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Vol 64 No 16

Published 3rd August 2023


How to spin an economic catastrophe

Dismissing the data, the ruling party tells voters it is steering the country to prosperity

Treasury and Reserve Bank officials have been releasing a succession of positive economic reports for the past three months. Consumer prices are reckoned to have fallen 15% and the Zimbabwean dollar gained 53% against its US counterpart in July. These developments, said officials, would allow them to cut interest rates from current levels of 150%, the world's highest.

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