World Bank projects 3.8% growth for Zimbabwe’s economy

Posted by Tayana (@tayatheheir)

The World Bank has projected a 3.8% growth rate for Zimbabwe in 2017 above the modest treasury forecast and sees growth for Sub-Saharan Africa at 2.9% this year.

Zimbabwe’s economy is expected to grow by 3.4% in both 2018 and 2019. This is after the economy grew by a World Bank estimated growth of 0.4% in 2016. The Bank however says the growth might be affected by activities such as heightened political uncertainty. According to the World Bank’s Global Economic Prospects report titled “Weak Investment in Uncertain Times”, released on Wednesday commodity exporters such as Zimbabwe will continue to struggle to adjust to low commodity prices, with activity expanding at a moderate pace.

More: ZBC

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