Zimbabwe's economy to grow by 5.5 pct in 2022: minister

2021-11-26 09:22

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HARARE, Nov. 25 (Xinhua) -- Zimbabwe's Finance Minister Mthuli Ncube presented on Thursday the 2022 national budget in parliament and projected a 5.5 percent growth rate next year.

The growth rate for 2022 is predicted based on the 7.8 percent increase envisaged this year, thanks to a good agricultural season, higher international mineral commodity prices and robust containment measures against the COVID-19 pandemic.

Ncube said the 2022 growth projection is, however, subject to risks relating to the pandemic and its impact on key sectors of the economy.

A prudent fiscal policy complemented by tight monetary policy will be pursued under the 2022 budget, said Ncube.
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