'Zim economy to grow by 4% in 2014,' says WB

'Zim economy to grow by 4% in 2014,' says WB
Published: 07 November 2013
Zimbabwe's economy is expected to grow by 4%, two percentage points down from Treasury projections dragged by weakening commodity prices, the World Bank has said.

In its economic briefing for November, the World Bank country office said agriculture may rebound in the coming year anchored by growth in maize and cotton output.

Zimbabwe's growth is estimated at 3% in 2013, down from 5% initially projected due to underperformance of agriculture and the manufacturing sector.

Experts say growth performance has been dampened by the continued slowdown of the key sectors of the economy, amidst easing international commodity prices, low investment, tight credit conditions and policy uncertainty in the election year.

- newsday


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