CGD in the News

Economy Spawns Rising Poverty - World Bank

August 25, 2005
This article from All Africa.com cites CGD reserch fellows Todd Moss and Micheal Clemens work on Zimbabwe. "Zimbabwe has experienced a precipitous collapse inits economy over the past five years. The purchasing power of an average Zimbabwean in 2005 has fallen back to the same level as in 1953."For people in extreme poverty, a collapse like this translates directly into sickness and death. We conservatively estimate that persistence in the economic shock will costthe lives of at least 3 900 Zimbabwean children per year - about half the infant death toll from HIV and AIDS"

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