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Vol 39 No 15

Published 24th July 1998


Zimbabwe

IMF insiders

Business people cannot understand what the International Monetary Fund is up to. It keeps on lending to the Zimbabwe government which, on the published figures, is heading for economic disaster. Manufacturing and mining companies are sunk in gloom, as is the stock market. Unemployment is measured at nearly 50 per cent. The Zimbabwe Congress of Trade Unions threatens massive wage demands and strikes. Inflation in June was nearly 30 per cent, up from 20 per cent in December.

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