Zimbabwe economy set for 3.5% growth

Zimbabwe economy set for 3.5% growth
Published: 30 October 2017 (778 Views)
Zimbabwe's economy is expected to register a 3.5 percent growth rate next year in line with Sub-Saharan Africa regional economic outlook trends.

The projected economic growth for Zimbabwe is being made in line with efforts by fiscal and monetary authorities to increase business confidence.

Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya told financial global community personalities and captains of industry and commerce at the unveiling of an International Monetary Fund (IMF) 2017 Regional Economic Outlook for Sub-Saharan Africa in Harare this Monday that the 3.5 percent anticipated economic growth for next year is also a reflection of commitment by authorities to consolidate economic gains.

The Sub-Saharan Africa region is however experiencing a slowdown in economic growth rates due to global commodity price fluctuations and climate change, according to IMF Director for Africa, Mr Abebe Selassie.

IMF resident representative, Mr Christian Beddies said the global lender is committed to work with Zimbabwe.

The regional economic outlook report cites foreign exchange market pressures, production constraints and public debts as threats to economic growth for the region.


- zbc

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Violence must be condemned at all levels

by Dr Masimba Mavaza | 16 January 2019 | 7 Views

WATCH: Zimbabweans protest in Pretoria Embassy

by Mandla Ndlovu | 16 January 2019 | 11 Views

Britain warns its citizens in Zimbabwe

by UK gov | 16 January 2019 | 8 Views

PHOTOS: Evan Mawarire being arrested

by Mandla Ndlovu | 16 January 2019 | 15 Views

Zimbabwe kills commerce and lights, by killing the internet

by Staff reporter | 16 January 2019 | 62 Views

Zimbabwe crisis a warning to SA, says opposition leader

by Business Day | 16 January 2019 | 51 Views

Mugabe-aligned NPF calls for Mnangagwa's resignation

by African News Agency | 16 January 2019 | 69 Views

Calls for diaspora protests at Zimbabwe embassies

by newzimbabwe.com | 16 January 2019 | 59 Views

Soldiers continue to patrol streets

by aljazeera.com | 16 January 2019 | 54 Views

Mnangagwa to buy 'State-of-The-Art' Russian arms

by Sputniknews.com | 16 January 2019 | 53 Views

Mnangagwa says Zimbabwe protests 'fizzling out'

by newzimbabwe | 16 January 2019 | 54 Views

Zimbabweans need to do a serious soul searching

by Dr Masimba Mavaza | 16 January 2019 | 70 Views

PHOTOS: Mnangagwa, Mthuli Ncube meet Putin as #ZimbabweShutDown

by Staff Reporter | 16 January 2019 | 64 Views

WATCH: Man in civilian clothing shoots directly at protestors

by Mandla Ndlovu | 16 January 2019 | 67 Views

'Opposition leaders arrested as scores are killed' says Dzamara

by Mandla Ndlovu | 16 January 2019 | 66 Views

Latest update on day 2 of Army killings

by Mandla Ndlovu | 16 January 2019 | 70 Views

#ZimbabweShutDown enters day 3

by AP | 16 January 2019 | 71 Views

Zimbabwe businesses losing millions as shutdown continues

by Staff reporter | 15 January 2019 | 140 Views

South Africa 'confident' Mnangagwa govt will 'resolve situation'

by Staff reporter | 15 January 2019 | 133 Views

Malema's EFF 'extends its solidarity' with the people of Zimbabwe

by Staff reporter | 15 January 2019 | 136 Views

'Internet shutdown is unconstitutional,' says Jonathan Moyo

by Ndou Paul | 15 January 2019 | 141 Views

May's Brexit deal rejected by 230 votes

by BBC | 15 January 2019 | 92 Views

Strive masiyiwa speaks on Internet blackout

by Mandla Ndlovu | 15 January 2019 | 121 Views

'Looters not a threat to anyone,' says Amnesty International?

by Staff reporter | 15 January 2019 | 67 Views

PHOTOS: The unlucky protestors who were caught

by Social media | 15 January 2019 | 144 Views

Chamisa fires blank

by Dr Masimba Mavaza | 15 January 2019 | 141 Views

Almost every Choppies shop in Western suburbs was looted

by Social media | 15 January 2019 | 85 Views

Greyhound cancels trips to Zimbabwe indefinitely

by Mandla Ndlovu | 15 January 2019 | 94 Views

WATCH:Biti calls for an extra-ordinary SADC summit on Zimbabwe

by Mandla Ndlovu | 15 January 2019 | 114 Views

Soldiers turn rogue and join protestors?

by Mandla Ndlovu | 15 January 2019 | 143 Views

MDC appeals to International community

by Mandla Ndlovu | 15 January 2019 | 160 Views

Econet declines to comment on internet shutdown

by Staff reporter | 15 January 2019 | 152 Views