Thursday, July 05, 2007

Shops emptied as panic grips Zimbabwe

It's hard to do more harm than Mugabe. Shops emptied as panic grips Zimbabwe:
Inflation is currently estimated at 10,000% and rising. Armed soldiers and the youth militia are patrolling shops and open-air markets to enforce President Robert Mugabe's price controls. More than 200 retailers have been charged with crimes of charging more than the official prices, police confirmed yesterday.

By making it uneconomic to produce and sell goods and food, Mr Mugabe risks further damaging the country's limping economy, which has shrunk by 50% over the past seven years. Economists warn the move will not control inflation but will simply push goods on to the thriving black market. Analysts say many companies and industries could go bankrupt, adding to Zimbabwe's unemployment, which is already estimated at 80%.
But how are the prices for machetes?

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