Dr Mahamudu Bawumia, the resident representative, said the report was compiled using information gathered from various sources in Zimbabwe such as the Zimbabwe Stock Exchange, news agencies, the Ministry of Finance, commercial farming associations, the mining industry, Confederation of Zimbabwe Industries and the Zimbabwe National Chamber of Commerce.
He said the review would provide highlights of Zimbabwe's monthly performance as seen by the AfDB Group, which regularly gives cash to the struggling nation.
Before this document was produced the annual African Economic Review was available for the country to base its performance on.
In its first Review, dated June 1, 2011, the AfDB said following the cumulative decline in economic activity over the period 2000-2008, estimated at about 40 percent, the economy rebounded in 2009 to register a growth of 5,7 percent.
"The economy, which further grew by 8,1 percent in 2010, is projected to grow by 7,8 percent in 2011," the Review said.
"Sustained macro-economic stability that is the result of the multiple currency and cash budgeting framework, coupled with resuscitation in economic activity in the key sectors of the economy, provided substantial growth impetus to the Zimbabwean economy."
Post published in: Business