Sunday, February 18, 2007

Zvandataura ndizvozvo

This just in: Zimbabwe's crushing rate of inflation does not even consider subsidies on "most essential commodities," such as maize, wheat, fuel, and utilities. The subsidies will soon be scrapped, and prices are expected to escalate further. Recent estimates set the nation's hyperinflation at nearly 1,600%.

Most observers credit recent land seizures with starving and bankrupting the country.

To be fair, we should mention that other outlets credit severe drought in Zimbabwe, Zambia and Malawi with the economic collapse.

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