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Zimbabwe continues economic turnaround
Thu, 18 Jun 2009 15:10
TradeInvestAfrica staff



Zimbabwe enjoyed a second successive month of declining prices in May, reports the Mail & Guardian.

In official statistics announced on Thursday, the Central Statistics Office said that the month-on-month inflation rate for May was -1%. This follows a rate of 1,1% in April. The turnaround comes on the heels of the power sharing agreement between the MDC and ZANU-PF and the decision on the part of the government to allow trade with foreign currency.

Following meetings with Prime Minister Morgan Tsvangirai in Washington last week, United States President Barack Obama announced humanitarian aid worth $73 million for Zimbabwe.

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