Economics
From Hyperinflation to Deflation, No End to Zimbabwe's Decline
- Spiral of slowing growth, rising unemployment, falling prices
- Capacity utilization in manufacturing drops to just 39%
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Alfred Moyo sees two possible ways of moving stock from his hardware store in Mabvuku township on the eastern outskirts of Harare, Zimbabwe’s capital: selling it at a loss or giving it away.
“There’s simply no money out there,” he said in a phone interview. “It doesn’t matter if you’ve got $10 million worth of stock or $1,000 of stock, either way all you can do is sit it out and hope things will improve.”