Companies / Zimbabwe
Economy Continues To Plummet
February 2007 | Industry NewsZimbabwe's inflation rate, which in 2006 held the dubious distinction of being the highest in the world, rose to a dizzying new high of 1,593% in January of 2007, according to government figures. At this rate, the average cost of goods will increase seventeenfold within a single year. The economic situation in the country, which used to be known as Africa's bread basket, has been deteriorating for almost seven years now, following the disastrous land reforms of 2000 and the subsequent collapse of the agriculture-based economy due to mismanagement and drought. However, in recent months, the rate of decline has
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Middle East & Africa Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Food and Drink Insight please click on the trial link below.
