Zimbabwe Expects Growth in 2017

Zimbabwe Finance Minister Patrick Chinamasa has presented the country’s 2017 budget to  parliament, Yahoo reported. The budget stands at about $4.1 billion. But he warned that measures should be taken to ensure that the issuing of treasury bills is not abused in efforts to solve the economic crisis after Zimbabwe’s budget deficit reached about $1.1 billion this year. Apart from under production, Zimbabwe’s economy has been crippled by low savings, high unemployment and cash challenges. He added that a growth rate of 1.7% is expected in 2017 due to the anticipated better rents, recovery of some commodity prices and doing business reforms.