Zimbabwe Growth Lowered
World Economy

Zimbabwe Growth Lowered

The International Monetary Fund on Wednesday lowered Zimbabwe’s growth forecast for this year to 1.5% from 2.8%, blaming lower commodity exports, Reuters reported. “We expect a slowdown in economic activity as a result of drought as well as low prices for Zimbabwe’s exports,” the IMF head of mission Domenico Fanizza said. Zimbabwe has been struggling for five years to recover from a catastrophic recession that was marked by billion percent hyperinflation and widespread food shortages, and some analysts say Zimbabwe could tip back into a downturn this year.


Short URL : https://goo.gl/mvdsCk
  1. https://goo.gl/nrJqrK
  • https://goo.gl/mfDz93
  • https://goo.gl/bDt3sX
  • https://goo.gl/gsNl47
  • https://goo.gl/XMIjSf

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
Growing Inflation Looms Large Over India’s Economy
From rising crude oil prices to a poor start to rice-planting...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...