HARARE - Zimbabwe's economy will only grow by 3,3 percent this year, according to latest World Bank forecasts published in its Global Economic Prospects report.
The figure is a far cry from governments overly ambitious projections of 6,1 percent announced by Finance minister Tendai Biti in his 2014 budget.
The global lender was however, more optimistic about the country’s future economic prospects, predicting an acceleration to 3,4 percent next year and 3,5 percent in 2016.
The institution was also positive on sub-Saharan Africa’s growth, expecting regional GDP progression to strengthen to 5,3 percent this year from 4,7 percent last year, rising to 5,4 percent next year and realising 5,5 percent in 2016.