Finance minister dreams on

ZIMBABWE'S economy is expected to grow by 4% next year buoyed by growth in the agriculture and industrial sectors of the economy, Finance Minister Samuel Mumbengegwi has said.

Presenting the 2008 budget last week Mumbengegwi said: “The 2008 budget is premised on a real GDP growth of 4% due to growth in agriculture and the industrial sector.”

Mumbengegwi said Zimbabwe’s inflation which is currently at 14 800% for October will slow to 1 978% next year but analysts politely say this is an ambitious target. In reality it is impossible.

Last year government forecast that inflation would come down from 1 000% to around 400% in 2007!

Post published in: Economy

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