Zimbabwe Rebounding From Mugabe Disaster

Via Derril Watson, Praveen Kumar of the World Bank reports that two years into its national unity government the Zimbabwe economy is rebounding rather sharply from the Robert Mugabe Catastrophe:

The economy grew at nine percent in 2010, following on six percent in 2009. Government revenues climbed to 29 percent GDP in 2010; they were just three percent of GDP in 2008. And the banking sector which had disintermediated almost fully during the hyperinflation grew its dollar deposits briskly to around 30 percent of GDP at the end of 2010. But election talk has suddenly mushroomed in 2011, setting off political competition that could slow down Zimbabwe's return to normalcy.

Just an occasional reminder that Africa's not all tragedy and despair. Good news happens, too!