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RE: LeoThread 2024-12-28 05:31

in LeoFinance10 months ago

Part 7/10:

By the late 1990s, economic mismanagement became evident. Mugabe’s government turned increasingly authoritarian, targeting minorities and implementing land reforms that devastated the agricultural sector. His policies aimed more at consolidating power and less at fostering genuine economic growth led to chaos — food shortages and hyperinflation became the norm. Farmers were displaced, leading to severe drops in crop production; wheat fell by 91% within three years. International isolation set in as economic policies spiraled into a self-destructive cycle of inflation, devaluation, and resource exploitation.

The Descent into Hyperinflation and Catastrophe