Zimbabwe halves 2015 growth forecast to 1.5 % due to drought

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HARARE   – Zimbabwe’s government halved its economic growth forecast to 1.5 percent this year from the 3.2 percent it had projected earlier, Finance Minister Patrick Chinamasa said in a half-year budget statement on Thursday.

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In the document presented to parliament, Chinamasa said the contributions from the mining, tourism, construction, manufacturing and finance sectors would be weighed down by poor output in agriculture due to drought.[pro_ad_display_adzone id=”70560″]

“Deceleration in overall economic growth signifies the contribution of agriculture, and the need for drought proofing the economy given adverse effects of climate changes,” he said.(Reuters)

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