Saturday, August 14, 2010


The economy of Zimbabwehas shrunk significantly from economic mismanagement after 2000, resulting in a desperate situation for the country and widespread poverty from among others 94% unemployment . The participation from 1998 to 2002 in the war in the Democratic Republic of the Congo set the stage for this deterioration by draining the country for hundreds of millions of dollars. Hyperinflation has been a major problem from about 2003 to April 2009, when the country suspended its own country. The economy deteriorated from one of Afric's strongest economies to the world's worst. Since  2000 the Zimbabwean Govt. has taten most of the farmland previously used by commercial farmers (mostly white)and reallocated it in a corrupt way to politicians from the reigning party ZANU_PF, military leaders or leaders in the police forces. These persons were usually inexperienced or uninterested in farming , resulting in a catastropic reduction in agricultural out put. Govt. spending is 97% of GDP . It has partly been financd by printing money, which has led to hyperinflationLabor market is highly regulated , hiring a worker is difficult and unemployment has risen to 94 % (at the endof 2008, the figure was 80% in 2005.  .