Buy Zimbabwe slashes 2016 growth projection

Buy Zimbabwe has slashed the country's economic growth to a paltry 1.5 percent from an initial 2.7 projection, arguing the economic headwinds were increasing.

The local procurement advocate organisation last week joined the International Monetary Fund and World Bank in slashing the country's economic projection for 2016 from Finance Minister, Patrick Chinamasa's 2.7 percent to 1.5 percent.

The lobby group said the global economy was slowing as commodity prices remained depressed while terms of trade with Zimbabwe's main trading partner.