Country Economic Forecasts > Zimbabwe

Country Economic Forecasts > Zimbabwe

  • June 2017 •
  • 5 pages •
  • Report ID: 4938610 •
  • Format: PDF
After hyperinflation led to seven years of contraction in Zimbabwe's economy, the government introduced the multi-currency system in 2009, which allowed average annual growth of 8% until 2014. But adverse weather conditions, a strong US dollar weighing on export competitiveness and low liquidity have slowed growth since 2015. The economy contracted by 0.5% in 2016 and the situation is expected to get worse as economic headwinds continue to mount, with GDP seen falling 2.3% this year and the budget deficit staying very high.
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