Presenting the 2008 budget last week Mumbengegwi said: “The 2008 budget is premised on a real GDP growth of 4% due to growth in agriculture and the industrial sector.”
Mumbengegwi said Zimbabwe’s inflation which is currently at 14 800% for October will slow to 1 978% next year but analysts politely say this is an ambitious target. In reality it is impossible.
Last year government forecast that inflation would come down from 1 000% to around 400% in 2007!