The Finance Minister remains confident the Zimbabwean economy will grow by 3% in 2020, The Sunday Mail reports.
Speaking to the publication, Professor Ncube stated his reasons why he is that optimistic:
I have seen the forecasts doing the rounds, the EIU (London-based Economist Intelligence Unit) in particular, showing a very huge negative growth (minus 13 percent), but we are optimistic as Government. We projected growth to be at 3 percent.
We have our reasons. It’s been a better rainy season, stronger commodities and a more expansionary fiscal space. Our forecast on productivity is what will deliver this growth.
Mthuli’s forecasts are in spite of the 400% inflation and the exponentially rising cost of living.
More: The Sunday Mail
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The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is Harare and the country has 10 provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa in... Read More About Zimbabwe