Business / Economy
Zimbabwe economic growth rate to quicken, says AFDB
29 May 2013 at 07:11hrs | Views
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.
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.
Source - newsday
