Home Business Zimbabwe’s economy grew 6,3pct in 2021: IMF

Zimbabwe’s economy grew 6,3pct in 2021: IMF

Zimbabwe’s economy grew 6,3pct in 2021: IMF
The increase in the glass float allowed traders to remove the restriction to exchange bottles at point of purchase.
THE International Monetary Fund (IMF) says Zimbabwe’s economy grew 6,3 percent last year, 1,2 percentage points higher than the Bretton Woods institution’s initial projection and 1,5 percentage points lower than the government’s estimated 7,8 percent.
The IMF has projected Zimbabwe’s economic growth to reach 3,5 percent this year.
“The output recovery that resumed in 2021 is expected to continue, albeit at a slower pace, with growth projected at about 3,5% in 2022 and three percent over the medium term in line with Zimbabwe’s growth potential,” the IMF executive board said in a statement after its latest routine Article IV consultation with Zimbabwe.
“Real GDP rose by 6.3% in 2021, reflecting a bumper maize harvest, strong pickup in mining, and buoyant construction,” the IMF said.


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