Only yesterday Finance Minister Tendai Biti said Zimbabwe’s economic growth could exceed the government’s forecast of 9.3 percent in 2011. “I genuinely believe the growth rate could be higher, mainly because of the strong performance of international commodity prices. The food crisis is helping us as we are in a surplus position in grains.”
Also yesterday, the International Monetary Fund said Zimbabwe’s economic growth could slow down to 5.5 percent “an inefficient composition of expenditure, rising vulnerabilities in the financial system, and the recent announcement of the fast-track indigenisation of the mining sector”.
Two months ago, Prime Minister Morgan Tsvangirai said he saw Zimbabwe’s economy growth to $100 billion a year by 2030, from the current $5.6 billion.
Whose figures should Zimbabweans believe? Biti’s,Tsvangirai or the IMF’s?
Private investment company Imara has argued over the past year that Zimbabwe’s gross domestic product is grossly underestimated. Imara head in Zimbabwe John Legat even argued that politics would take a back seat in Zimbabwe this year.
(14 VIEWS)
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…