Tuesday, April 05, 2005

zimbabwe: An economy on its knees

zimbabwe: An economy on its knees: "zimbabwe: An economy on its knees
Once described as an economic jewel in Africa, Zimbabwe�s economy has undergone a meltdown over the past five years, with the agricultural sector reeling from the seizure of white-owned farms and droughts, economists say.
At independence from Britain in 1980, Zimbabwe was recording average annual growth rates of 4.5 percent, but the economy hit a plateau during the 1990s and by the late 1990s, it was shrinking, according to University of Zimbabwe Professor Tony Hawkins."

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