Zimbabwe economy to shrink by 4.5% this year on COVID-19, drought

HARARE (Reuters) – Zimbabwe’s economy is expected to shrink by 4.5% this year owing to the fallout from the COVID-19 pandemic and a brutal climate change-related drought, the finance minister said on Thursday. The crucial mining sector will contract by 4%, Finance Minister Mthuli Ncube added in a mid-term budget speech, although he projected that […]

The post Zimbabwe economy to shrink by 4.5% this year on COVID-19, drought appeared first on CNBC Africa.

CNBC AFRICA

Source : African Media Agency (AMA)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button