Zimbabwe GDP to slow down

Zimbabwe's gross domestic product (GDP) will grow at a slower pace this year than government has predicted due to a poor agricultural season, declining exports and lack of clear policies to stem a long drawn crisis, a stockbroker has predicted.

Government has revised growth targets announced in the 2016 National Budget at 2,7 percent to 1,5 percent. This figure remains largely ambitious given the sustained economic crisis in the country, highlighted by a blazing liquidity crisis.

In a new report analyzing the stock market, corporate and economic trends, researchers at the Harare-based Invictus Securities said given the negative fundamentals in the economy, GDP growth would be at 0,8 percent this year, but warned it could still turn out to be worse than that, according to a report sent to clients on June 8, 2016.