Press Association images
Press Association images

The agony of ‘Mugabenomics’

23 June 2016

Zimbabwe’s unemployment rate is higher than most countries’ employment rates. Nothing makes the scale of the crisis facing Robert Mugabe’s government more vivid than the statistic that more than nine out of ten Zimbabwean adults don’t have a job.

The fear of recession is stalking many countries but no downturn is quite as severe – or surreal – as Zimbabwe’s. The country’s economy has shrunk by half over the past 15 years. Hyperinflation forced the central bank to suspend the Zimbabwean dollar in 2009 and adopt the American dollar, which must have been a bitter blow for Mugabe, who still sees his country as a socialist bastion.

☛ Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here


Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

Falmer, Brighton
£33,797 rising to £40,322 per annum
University of Sussex
Richmond upon Thames, London (Greater)
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates