Monday, July 20, 2009

Zimbabwe to post 3.7 percent growth

Zimbabwe to post 3.7 percent growth
by Adeline Teoh Monday 20 July 2009 9:52 am
Zimbabwe’s economy is set to grow by 3.7 percent according to its finance minister Tendai Biti at the presentation of the half-year national budget last week.
Biti said the country’s gross domestic product looks to grow by 3.7 percent, a figure he says is even “a very pessimistic one”.
The rise will hinge on a increase in global mineral prices and increased manufacturing production.
Biti warned, however, that Zimbabwe was not yet out of the woods and encouraged Prime Minister Morgan Tsvangirai and President Robert Mugabe to continue their power-sharing agreement.

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