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Price Cuts Ruin Zimbabwe's Economy

Mugabe's radical 'solution' to spiraling inflation backfires

By Dustin Lushing, Newser Staff

Posted Aug 2, 2007 10:53 AM CDT

(Newser) – A radical attempt to curb Zimbabwe's hyper-inflation by cutting prices up to 50% has backfired on President Robert Mugabe's government, which is now teetering on the brink of collapse, the New York Times reports. Store shelves are empty; bread, sugar, and cornmeal, the staples of... Read full story »

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Price Cuts Ruin Zimbabwe's Economy

Mugabe's radical 'solution' to spiraling inflation backfires

inflation • Zimbabwe • Robert Mugabe • hunger • gas • middle class • US economy • shortage • hyper-inflation

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More Newser Stories

Zimbabwe Launches $100B Bill

Note likely to prove ineffectual against hyperinflation

Paper Co. Cuts Off Supply of Zimbabwe's Bank Notes

Secretive German firm caves to pressure

Zimbabwe Arrests Dozens in Price Wars

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Collapse Looms in Zimbabwe

Economy may dissolve within six months as inflation spirals

Zimbabwe Central Bank Stole Cash to Stay Solvent

Governor admits pilfering private accounts to keep ministries running

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