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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.

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