Zimbabwe economic growth rate to quicken, says AFDB

Zimbabwe economic growth rate to quicken, says AFDB
Published: 10 June 2013
Zimbabwe's real Gross Domestic Product is expected to improve marginally this year from a dip in 2012 on the back of improvements in mining and agriculture, according  to a new report released on Monday.

The African Economic Outlook report–a report jointly produced by the African Development Bank the Organisation for Economic Co-operation and Development, United Nations Development Programme and the Economic Commission or Africa - notes that the country's economic growth had tapered off to 4.4% last year from 10.6% recorded in 2011.

It said the deceleration in growth was reflective of a fragile recovery owing largely to inherent political and economic uncertainties, a high debt overhang and the deteriorating infrastructure.
- newsday
Tags: AFDB,

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