Zimbabwe to grow 6.4% in 2014

Zimbabwe to grow 6.4% in 2014
Published: 19 December 2013
Zimbabwe's economy should grow 6.4% in 2014, a big jump from the 3.4% projected for this year, Finance Minister Patrick Chinamasa said on Thursday.

"This is anchored on a strong recovery of the agriculture sector and improved performance in mining and the construction industry," he told parliament in his budget speech.

11,4% growth is expected for Mining in 2014. Total imports at year end $7.6b and $8.3b in 2014.

Exports stood at $2,8 billion by October 2013 but we expect them to reach $4.43 billion by the end of the year.

Key economic challenges: High consumption, we are eating everything today forgetting tomorrow; Liquidity issues as people are not banking money; Food insecurity caused by climate change and lack of industry competitiveness due to obsolete machinery; Weak corporate governance in banks; Lack of accountability in minerals.

- Reuters
Tags: Chinamasa, Economy,


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