Quick reforms pushing Zim’s GDP
Economists and captains of the industry have attributed the country’s openness to do business as the major factor in increasing the country’s Gross Domestic Product. This comes after the World Bank revised Zimbabwe’s (GDP) growth rate upwards for the second time this year. The country’s GDP is now expected to grow by 2,7 percent from an earlier projection of 1,8 percent in January. However, the growth is lower than the 3,4 percent estimated by the Bank last year and also lower than Government’s projections of 4,5 percent. Also, Zimbabwe Investment Authority (ZIA) chief executive Mr Richard Mubaiwa has said based on the positive indications on key economic fundamentals being experienced in the country, the economy will grow by 7 percent over the next few years. Read more here.