The best the Zimbabwe government seems to be able to do is to "tinker" with issues that have no direct bearing on the country's desperate situation. The rate of inflation reached 2,200 percent in March 2007. This is just one of many indications of the economic collapse that has enveloped the country in recent years.
Currently, the government is dealing with a serious drought, and political uncertainties as the 2008 elections approach.
An April 28, 2007 Reuters story from Harare said, "Zimbabwe's economic crisis is likely to worsen despite new government efforts to cope with food shortages and a foreign currency crunch that has crippled farmers and business."
International Monetary Fund (IMF) statistics show that Zimbabwe's economy has contracted every year from 1999 through 2006. The IMF estimates that GDP will shrink another 5.7 percent in 2007. For 2008, the IMF predicts that Zimbabwe's GDP will contract again by 3.6 percent.




Mobile Edition
Print
Get the Mag
Weekly Updates