Zimbabwe ditches austerity and warns corruption is killing growth
Economist predicts little improvement in 2020
14 November 2019 - 23:36
Finance minister Mthuli Ncube said Zimbabwe will ditch its crippling austerity measures and forecast 3% growth in 2020 after a projected 6.5% contraction in 2019, its worst downturn in a decade that saw increased public protests and widespread shortages.
Presenting his proposed ZWL$63.6bn budget for 2020 in parliament in Harare on Thursday Ncube said the economic rebound was based on expectations that Zimbabwe would record a better rainfall season, as well as improvements in electricity supply and infrastructure development. ..
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