The World Bank headquarters.
THE World Bank sees Zimbabwe’s growth rate easing to 2,7 percent this year, compared to the 3,4 percent estimated last year. The forecast is higher compared to the 1,8 percent projected in January by the bank.
However, government says the economy grew by 3,7 percent last year and is estimating a 4,5 percent growth rate this year.
In its Global Economic Prospects report released on Tuesday, the World Bank also forecasts a 3,8 percent growth for Zimbabwe next year, which is 0,2 percent higher compared to its January estimate. According to the Bank, Zimbabwe will grow by four percent in 2020, which is higher than the 3,8 percent initially projected in January.
The report observed that in some fragile countries such as Zimbabwe, political transitions will allow for a pick-up in economic activity, as opportunities for reforms boost investor sentiment.
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