IMF reviews Zimbabwe's economic growth rate

IMF reviews Zimbabwe's economic growth rate
Published: 23 April 2018
The International Monetary Fund has reviewed Zimbabwe's economic growth rate for this year and sees growth picking up next year as the country moves away from the difficult period it has been going through over the years.

The IMF has revised its growth forecast for the country to 2.4 percent this year, from an earlier forecast of just below 1 percent. The economy is expected to pick up to 4.2 percent in 2019 and 5 percent in 2020.

Busisa Moyo said, "Zim has received an upward review. IMF is generally bearish but this shows a positive signal and better prospects. Delivering a credible election may see further upward revisions. Economists never agree and they make weathermen look good!"

- BD
Tags: IMF,


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