Zimbabwe Economy Makes Amazing Recovery

Zimbabwe-Map-01

April 09, 2013

The Washington-based Cato Institute published on 18 March 2013 a fascinating study of Zimbabwe’s economy titled “Zimbabwe: Why Is One of the World’s Least-Free Economies Growing So Fast?”

The author, Craig J. Richardson, an associate professor of economics at Winston-Salem State University in North Carolina, points out that between 2009 and 2011, Zimbabwe’s GDP growth averaged an impressive 7.3 percent. This follows a negative GDP per capita growth rate from 2002 through 2008 and hyperinflation prior to 2009.

Richardson also compares Zimbabwe’s performance to Africa’s “Lion Kings”: Angola, Chad, Ethiopia, Mozambique, Nigeria and Rwanda.

Click the link below to read the entire paper in PDF format:
Zimbabwe Why Is One of the World’s Least-Free Economies Growing So Fast