2007-08-01

5000% Inflation in Zimbabwe, and climbing

The BBC reports:
By any measure, Zimbabwe is in deep financial trouble.

In many stores, the shelves are nearly empty much of the time, and prices are skyrocketing for what goods remain as hyperinflation sets in.

About four out of five people are estimated to be out of work - at least as far as the official economy is concerned.

The situation is so bad that about 3,000 people a day are thought to be crossing Zimbabwe's borders into neighbouring countries.

And increasingly, many Zimbabweans are dependent on support from relatives and friends abroad to keep food on the table and roofs over their heads.


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