Treasury’s optimism divides opinion

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TREASURY’S latest growth projection for Zimbabwe’s economy of 5,3 percent has sparked debate among analysts, who are divided on whether the figure is realistic.

Treasury had initially projected growth of 3,8 percent for 2023. In his mid-term budget review statement, Finance minister Mthuli Ncube said the revised projection was on account of strong performance in agriculture, as well as substantial improvements in the electricity supply situation, following the successful synchronisation and subsequent commercialisation of unit 7 and 8 at the Hwange power plant.