Zimbabwe’s Economy Likely To Shrink By 13% In 2020

The Zimbabwean economy is likely to shrink by a whopping 13% in 2020 The Zimbabwean reports. This was predicted by the Economist Intelligence Unit (EIU) which said Zimbabwe’s woes will intensify due to the erratic rains and drought that was experienced in 2019 and likely to carry on in 2020.

According to the Zimbabwean:

The UK-based EIU, which analyses financial markets and country risk profiles, said Zimbabwe will be among its worst performers in 2020. The southern African state will be second last and Venezuela, whose economy is expected to contract by 20, 5%, at the bottom.

Zimbabwe has been battling a myriad of problems with inflation soaring to 400% in November 2019.

More: The Zimbabwean 


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