By Anna Chibamu
ZIMBABWE’s economy is expected to remain on an upward growth trend during the remainder of the year, with the Gross Domestic product (GDP) expected to peak to 7,8% from the 2021 National Budget projections of 7,4%, Finance minister Mthuli Ncube has said.
Presenting the Mid-Term Budget Review in the National Assembly Thursday afternoon, Ncube said there has been a significant decline in inflation of over 700% from 837% in July 2020 to 106,6% in June, 2021 owing to several reasons among these, the fiscal and monetary consolidation measures being implemented by government.
Ncube also attributed the growth rate on good rains received during the last season, higher international mineral prices, a stable macro-economic environment and Covid-19 pandemic response measures, including the vaccination programme.
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