If you find all the doom and gloom about the world economy a bit depressing, spare a thought for the people of Zimbabwe, where inflation now runs at %11.2 million per annum, according to the CIA World Fact Book. Below is a receipt for a simple meal at a hotel in Zimbabwe, which came to a total of Z$1.2 billion.
Zimbabwe's economy lays in ruins after farms owned by whites were seized in a brutal land reform program. It now has an unemployment rate of 80% and a GDP per capita of US$200, the lowest in the world. The GDP per capita of Australia for 2008 was US$39,300.
1 comment:
The real cause was economic mismanagement by Mugabe, not just "brutal land reform"
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