Zimbabwe: 'the ultimate turnaround story'?
The epic misrule of Robert Mugabe wiped around two-thirds off Zimbabwe's GDP. But now the economy is coming back from the dead.
The epic misrule of Robert Mugabe wiped around two-thirds off Zimbabwe's GDP. But earlier this year the opposition MDC, led by Morgan Tsvangirai, entered into a power-sharing deal with Mugabe. So now "the economy is coming back from the dead", says Ambrose Evans-Pritchard in The Daily Telegraph. For investors this could be "the ultimate turnaround story".
Hyperinflation ended when everyone stopped accepting the worthless Zimbabwe dollar and it was replaced by the US dollar. Civil servants could be paid again, which meant schools and hospitals could re-open.
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