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Following a decade of contraction from 1998 to 2008, Zimbabwe's financial system recorded real development of more than 9% per year in 2010-11, earlier than slowing to 5% in 2012, due partly to a poor harvest and low diamond revenues. In 2012, Venezuela continued to wrestle with a housing crisis, high inflation, an electricity disaster, and rolling meals and items shortages - all of which were fallout from the government's unorthodox financial policies. Through 2011, the direct costs of the wars totaled practically $900 billion, based on US government figures.
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The unrest that started in early 2011 brought on GDP to plunge greater than 15% in 2011, and about 2% in 2012. Availability of fundamental providers, including electricity, water, and fuel, has improved since the transition, however progress towards achieving more sustainable financial stability has been gradual and uneven. The reforms strengthened the nation's economic fundamentals and ushered in an era of sturdy growth - averaging greater than 6% annually until 2008. International economic conditions and tighter fiscal coverage brought about GDP to contract in 2009, however Turkey's effectively-regulated financial markets and banking system helped the country weather the worldwide financial crisis and GDP rebounded strongly to 9.2% in 2010, as exports returned to normal ranges following the recession. The federal government''s subsequent land reform program, characterized by chaos and violence, badly damaged the commercial farming sector, the normal supply of exports and international trade and the provider of 400,000 jobs, turning Zimbabwe right into a net importer of meals merchandise. Oil revenues and taxes will change into a bigger source of authorities funding as oil comes on line in the following few years. Revenues come from French Authorities subsidies, licensing of fishing rights to Japan and South Korea, import taxes, and remittances from expatriate staff in New Caledonia.
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