‘Zim inflation to reach double figures in 2024’

ZIMBABWE has recorded the highest poverty levels across the southern African region although inflation is expected to go down in 2024 as the government maintains a tight monetary policy and global prices decrease, the African Development Bank (AfDB) has said.

In its Southern Africa Economic Outlook report, AfDB said inflation in the region was expected to halve to 6,7% in 2024.

The bank said the biggest deceleration was expected to occur in Zimbabwe — from 184,1% in 2022 to 36,1% in 2024 — as the government maintains a tight monetary policy.

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