Zimbabwe says economy to shrink 4.5% this year
The projection is much more optimistic than that of the World Bank which last month predicted a contraction of 10 percent.
But Ncube said, “a combination of government and external development support in mitigating the COVID-19 pandemic is expected to alleviate deeper contraction of the economy to a projected -4.5 percent growth in 2020”.
Ncube was presenting a mid-term budget in parliament in the capital, Harare.
The country has recorded at least 1,089 cases, including 20 fatalities.
Zimbabwe’s economy has been on a downturn for over a decade with shortages of cash and basic commodities.
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