At its current levels, inflation becomes self-perpetuating because of expectations of higher inflation.
More Quotes from James Jowa:
The underlying problem that needs to be addressed to tackle inflation is to stimulate economic production ... producers have to feel secure to produce, which is not happening.James Jowa
The concern obviously of a supplementary budget is the impact on the budget deficit, which will grow for the current fiscal year and will continue to feed into the inflationary cycle.
James Jowa
Even the IMF payment is nothing much to cheer about because nothing on the ground has changed, the government's policies are still lopsided and the economy is still in trouble.
James Jowa
What Mugabe is saying is nothing new and is insincere. He has made similar statements before and not stuck to them and it is also very clear that he still believes he has never been wrong.
James Jowa
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