HomeAnalysis2021 Quoted Companies Survey Magazine

2021 Quoted Companies Survey Magazine

A decade after hyperinflation turned Zimbabwe’s economy upside down, destroying the local currency and slashing gross domestic product by 50%, a more frightening crisis returned in


Covid-19 hit the world, and economies including Zimbabwe were unsettled.


For Zimbabwe, the problem was that Covid-19, estimated by the World Bank (WB) to have cost the country 500 000 jobs, became a crisis within a crisis.

Following a temporary relief brought about by the multicurrency system between 2009 and 2018, Zimbabwe was already relapsing when the pandemic rattled the markets in 2019.

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