Finance Minister, Professor Mthuli Ncube has projected that the economy shall register some positive growth in 2020 due to improved rainfalls which are essential for power generation and agriculture sector.
He also projected that the economy shall further deteriorate this year by 6.5% before it regains strength next year. He said:
In 2020, the economy is projected to turn around building on the success of the ongoing reform initiatives. The growth will be underpinned by a better agricultural season and measures to enhance production.
Ncube also indicated that the 2020 National Budget will be geared at stimulating productivity across all sectors, jobs creation and enhancing of the competitiveness of the domestic economy.
The deterioration of the economy is in direct contrast with the projections Ncube made in this year’s budget.
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