Zimbabwe: 2015 Projected Growth a Pipedream

THE projected 3,2% growth for 2015 by Finance minister Patrick Chinamasa in his US$4,1 billion 2015 national budget which he presented yesterday will remain a pipedream if various fundamentals of the economy are not addressed, analysts have said.

Chinamasa projected a growth of 3,2% for 2015, a marked decrease from the ambitious 6,1% growth he had projected for 2014 which he later whittled down to 3,1%. Growth rate, he said, has been subdued by the chronic liquidity shortages in the economy, coupled with low domestic savings, poor investment inflows and power supply deficits.

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