Zimbabwe: Still an Economic Trainwreck

by James & Miel on August 26, 2008 · 0 comments

Hi All,

This from Bloomberg this morning:

Zimbabwe is in its 10th year of economic recession and has the world’s highest inflation rate, 11.2 million percent, following a land-redistribution campaign begun by Mugabe in 2000. The program… slashed agricultural output and led to shortages of basic commodities. An estimated third of the population of 12 million has fled — the bulk of them to South Africa. (here).

I’ve ceased to become disgusted with economic situation in Zimbabwe, now I’m just impressed that any one country could have that much inflation.

Best,

James

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