Emmerson Njanjamangezi, Group Features Editor 
ECONOMISTS are concerned that Zimbabwe’s current relative economic stability could be jeopardised soon if money supply continues to grow at present rates.
Speaking to The Financial Gazette this week, the economists said money supply — the total amount of money, including cash, coins and balances in bank accounts in circulation in the country — had grown at almost 400 percent in the year to August 2022.
Their apprehension was especially so given that government spending was expected to surge ahead of next year’s crunch national elections, in support of higher public sector wages, agriculture and infrastructure, among other things. In economics, money supply is very important because if this grows at a faster rate than the economy’s ability to produce goods and services, then inflation will shoot up — which results in undesirable price hikes.
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