Zim economy to grow by 3,3pc: World Bank

HARARE - Zimbabwe's economy will only grow by 3,3 percent this year, according to latest World Bank forecasts published in its Global Economic Prospects report.

The figure is a far cry from governments overly ambitious projections of 6,1 percent announced by Finance minister Patrick Chinamasa in his 2014 budget.

The global lender was however, more optimistic about the country’s future economic prospects, predicting an acceleration to 3,4 percent next year and 3,5 percent in 2016.

The institution was also positive on sub-Saharan Africa’s growth, expecting regional GDP progression to strengthen to 5,3 percent this year from 4,7 percent  last year, rising to 5,4 percent next year and realising 5,5 percent in 2016.

Comments (2)

remember that the growth you are talking about is sub-zero growth, that is we still below zero since the economy had shrunk during Gono madness days. So dont smile yet.

mapfupa - 18 January 2014

You will perish in you darkness and pessimistic hole

dungas - 19 January 2014

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