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Economy

Attain economic growth rate of at least 6% per annum over the period 2018-2023.

Broken

Shrinking of the Zimbabwe Economy in 2019

The Ministry of Finance 2020 National Budget Statement

    

Nov. 14, 2019

Consequently, the economy was left in a weak position during the better part of the year, operating under high uncertainties, vulnerabilities, high costs, all complicating investment, planning and operations. Resultantly, 
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growth, which was originally projected at 3%, had to be revised downwards to -6.5% in 2019, reflecting gross capacity underutilisation and output losses in the rest of the sectors

Previous Updates

Zimbabwe's economy grew by 3.5% in 2018

African Development Bank

    

June 14, 2019

The Zimbabwe economy performed better than expected in 2018, expanding by an estimated 3.5%, driven by agriculture, supported by relatively peaceful elections. Cash shortages and the three-tier pricing system coupled with foreign exchange shortages continued to constrain the goods and factor markets.

    

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