Zimbabwe After Insane Inflation

By Greg Scoblete
July 28, 2011

Zimbabweans report improving conditions

Zimbabwe has long been synonymous with economic dysfunction. The country's inflation rate hit an amazing 231 million percent in 2008 and four out of every five adults in the country were unemployed. Today, Gallup notes that Zimbabweans are reporting improvements in their economic circumstances:

'Zimbabweans appear to be benefiting from two consecutive years of economic growth and efforts to bring hyperinflation under control. Eighteen percent of Zimbabweans surveyed by Gallup in 2011 report "living comfortably" on their present household incomes -- double the 9% who said so in 2009. The 16% who reported they are "finding it very difficult" to get by is down significantly from 31% in 2009.'

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