IMF urges Zimbabwe to restore confidence as growth slows

Zimbabwe’s government needs to restore confidence in the country as its economy will only grow by a meagre 3.2 percent next year, the International Monetary Fund said Thursday. “With regard to Zimbabwe, economic conditions remain difficult,” IMF director for Africa Antoinette Sayeh told a news conference. Zimbabwe will thus lag the sub-Saharan Africa region, which is forecast to expand by an average of five percent this year and 5.75 percent next year according to the IMF. The Zimbabwe government had projected a 6.4 percent growth this year but revised the figure downwards to 3.1 percent, citing depressed mineral output.

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