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.