Mthuli Ncube
Zimbabwe’s economy is now forecast to grow 4.6% this year, down from an earlier forecast of 5.5%, Finance Minister Mthuli Ncube said on Thursday.
In a mid-term budget review in parliament, Ncube said the lower forecast was because of the global economic environment and the country’s own circumstances including a poor agricultural season.
The southern African country would target a budget deficit of below 3% of gross domestic product in 2023, Ncube said, adding next year the government was targeting 5% growth.
