Wednesday, August 22, 2007

Zimbabwe inflation hits new high

The following article just shows how bad Zimbabwe, under Robert Mugabe, is spiralling out of control.

Also worth noting are these paragraphs from the article:

Last month, the International Monetary Fund warned annual inflation could
reach 100,000% by the end of the year.

Unemployment stands at about 80%
and there are mass shortages of fuel and foodstuffs.

via BBC News World UK Edition on Aug 22, 2007

Zimbabwe's annual inflation rate jumps to 7,638% in July according to the first official figures for three months.

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