Zimbabwe's Economy Expected To Grow By More Than 5%

Finance Minister Mthuli Ncube has said that the Zimbabwean economy might grow faster than initially expected .He pegged the growth at more than five percent in 2018 against earlier projections that estimated a 4.5 percent growth. Ncube claimed that the growth would be backed by the strong performance in agriculture and mining.
The Finance Minister also mentioned that he is worried by the inflationary pressures piled against the economy.

Said Ncube:

The biggest challenge is the unsustainably high budget deficit. This challenge is destabilizing the financial sector and of course the rest of the economy

Ncube also said that he would cut the government’s central bank overdraft which is three times the lawful limit and introduce auction of Treasury Bills for purposes of increasing transparency.

John Robertson however dismissed the growth trajectory as a fallacy and very extravagant .He based his dismissal of the projection based on the fact that the government had not presented plans to cut a wage bill taking more that 90 percent of the national budget.

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