Zimbabwe: AfDB Revises Zim Economic Outlook

Zimbabwe's real gross domestic product (GDP) is projected to contract by between 7,5% and 8,5% this year due to a fall in production as a result of the outbreak of the Covid-19 pandemic, the African Development Bank (AfDB) has said.

In its African Economic Outlook 2020 Supplement Amid Covid-19 report, the regional banking institution said the country is unlikely to achieve previously projected growth which was expected to reach 4,6% this year and 5,6% next year, due to challenges posed by the pandemic.

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