Chinamasa revises up 2017 economic growth forecast to 3.7 pct

Finance and Economic Development Minister Patrick Chinamasa

HARARE (Reuters) – Zimbabwe expects higher economic growth of 3.7 percent this year, from an initial projection of 1.7 percent following a better than expected agriculture season, the finance minister was quoted as saying by a state-owned newspaper on Friday.

The southern African nation’s economy stagnated last year following a devastating drought while its budget deficit exploded as President Robert Mugabe’s administration struggled to pay its workers, which helped fan anti-government protests.

Patrick Chinamasa told military officers at the Zimbabwe Staff College in the capital, that agriculture would spur higher economic growth, with grain deliveries expected at 3 million tonnes, the highest since 1984, according to official data.

“I anticipate after the revision, our growth to be around 3.7 percent from 1.7 percent or so that we had anticipated in the 2017 national budget,” Chinamasa was quoted as saying by the state-owned Herald newspaper.

Zimbabwe has received above normal rainfall during the 2016/17 agriculture season, following an El Nino-induced drought the year before that scorched crops and left more than 4 million people in need of food aid.

Share this:

Arts & Entertainment

35 Trackbacks & Pingbacks

  1. Google
  2. Google
  3. crystal jellies anal stuffer
  4. sfikas
  5. Installs and reviews
  6. peru tour
  7. desinfectionpunaisedelit
  8. Bangin' Betty Stroker Kit
  9. wireless vibrator
  10. penis enlargement pump
  11. wedding
  12. Download ASRA4A0 Certification Dumps
  13. forex live signal
  14. amazon product Seo
  15. Best Gaming Laptop
  16. spy
  17. flatbed dump for sale
  18. facebook likes panel
  19. bondage straps
  20. Destiny best rabbit vibrators
  21. american whopper dong
  22. Buy Phentermine
  23. erotic talk
  24. free data recovery software
  25. Freshest food
  26. 福井脱毛
  27. atlanta piano lessons for adults
  28. legit work from home jobs
  29. Wholesale Jerseys
  30. Buy beats online
  31. buy kona
  32. 100% kona
  33. Design highlights
  34. sex confession
  35. motu and patlu game

Leave a Reply

Your email address will not be published.