Categories: BusinessZim Latest

Zimbabwe’s economy to grow by 5.4% in 2022- govt

The government says the country’s economy is set to grow by 5.4 per cent in 2022.

Speaking during the post cabinet briefing, Minister of Information Publicity and Broadcasting Services Monica Mutsvangwa said the growth will be anchored on the performance of mining sector.

She also said the manufacturing sector and enhanced electricity generation among other factors will aid the envisaged growth.

Meanwhile, the International Monetary Fund had to downgrade Zimbabwe’s economy recovery to 3.1% this year, slower than the 4.2% that the Fund had projected in October.

The economy will see further sluggish growth of 4% in 2022, this is according to the latest World Economic Report.

Apparently, critics have accused the government of being overambitious in its forecasts as well as downplaying inflation figures in order to paint a good picture.

Meanwhile, giving an update on Covid 19 situation, Mutsvangwa said there was a surge in weekly cases from 8013 during the week ending 13 July, to 21346 in week ending 20 July 2021.

She attributed the surge to the general complacency in adhering to set protocols.

Mutsvangwa also implied that it is now a must that all civil servants should be vaccinated against Covid 19.

-Zwnews

Share

Recent Posts

Mliswa’s daughter arrested over drugs

Former Norton Independent Member of Parliament Temba Mliswa's daughter has been arrested for drugs. Confirming… Read More

27th February 2024

Lorraine Guyo’s Birthday: Mystery Boyfriend Steals Spotlight Amidst Speculation…PICTURES

During Lorraine Guyo's recent birthday celebrations, attention was drawn not only to the delicious treats… Read More

27th February 2024

Zimbabwean Musician BaTroy Crashes Gifted Car from Controversial Businessman Wicknell Chivhayo

BaTroy, renowned for his hit song ‘Shungu Dzemoyo Wangu,’ has been involved in an accident… Read More

27th February 2024

Tshabangu Denies Purported Recall, Says He Owns Chamisa Face

CCC's controversial interim secretary-general, Sengezo Tshabangu, has rebuffed claims of his recall from the party,… Read More

27th February 2024

Police launch man-hunt after man with 2 pistols threatening to kill Mnangagwa goes viral

The Zimbabwe Republic Police (ZRP) is appealing for information which may assist to identify and… Read More

26th February 2024

5 arrested after Zimbabwean man (26) is murdered in the UK

...slain Zimbabwean Lazarus Makono died from a stabbing in Barnsley on February 21, 2024... LONDON,… Read More

26th February 2024