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

July 16, 2020

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)

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