Just when you thought the situation in Zimbabwe could not get any worse, official statistics released today (Thursday) show that Zimbabwe’s annual inflation raced to a record 231m% in July, up from 11.2m %the previous month. Central Statistical Office data showed that on a monthly basis, went up by 2 600.2% compared to 839.3% in June, largely driven by high prices of bread and cereals.

Many had hoped that an agreement which was signed between the political parties in Zimbabwe in September would lead to economic recovery in the country, but the parties are still not agreeing on forming a new government. The longer they disagree, the worse the economy is going to get. There is already no cash in the country and people are no longer allowed to carry out electronic banking transactions. The economy and the country are slowly getting to a grinding halt and once the economy collapses then what?

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