https://en.sputniknews.africa/20241104/zimbabwes-economy-remains-resilient-despite-global-challenges-countrys-minister-states-1069030564.html
Zimbabwe's Economy Remains Resilient Despite Global Challenges, Country's Minister States
Zimbabwe's Economy Remains Resilient Despite Global Challenges, Country's Minister States
Sputnik Africa
According to the World Bank, fueled by expansions in agriculture, mining, and remittance-driven services, Zimbabwe has experienced rapid economic growth, with... 04.11.2024, Sputnik Africa
2024-11-04T16:38+0100
2024-11-04T16:38+0100
2024-11-04T16:38+0100
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Despite climate change and global tensions, Zimbabwe's economy remains resilient, Mthuli Ncube, Minister for Finance and Economic Development of Zimbabwe, said during a lecture at the Zimbabwe National Defense College.He added that the country is expecting 2% growth this year, down from the previous average of 6.8%, due to a dip in agriculture.The minister noted that Zimbabwe's economy has faced challenges due to geopolitical tensions and low commodity prices, particularly impacting fuel imports. While most mineral prices have fallen, gold prices remain strong.Despite these setbacks, Mthuli Ncube expressed confidence in achieving middle-income status by 2030, citing growth rates that exceeded the average 5% in recent years.
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economy, politics, zimbabwe, southern africa, finance minister, finance, development, geopolitics, climate, climate change, minerals, gold miners, prices
economy, politics, zimbabwe, southern africa, finance minister, finance, development, geopolitics, climate, climate change, minerals, gold miners, prices
Zimbabwe's Economy Remains Resilient Despite Global Challenges, Country's Minister States
Ekaterina Shilova
Writer / Editor
According to the World Bank, fueled by expansions in agriculture, mining, and remittance-driven services, Zimbabwe has experienced rapid economic growth, with rates of 6.1% in 2022 and 5.3% in 2023.
Despite
climate change and global tensions, Zimbabwe's economy remains resilient, Mthuli Ncube, Minister for Finance and Economic Development of Zimbabwe, said during a lecture at the Zimbabwe National Defense College.
He added that the country is expecting 2% growth this year, down from the previous average of 6.8%, due to a dip in agriculture.
The minister noted that
Zimbabwe's economy has faced challenges due to geopolitical tensions and low commodity prices, particularly impacting fuel imports. While most mineral prices have fallen, gold prices remain strong.
Despite these setbacks, Mthuli Ncube expressed confidence in achieving middle-income status by 2030, citing growth rates that exceeded the average 5% in recent years.
