Finance Minister of Zimbabwe Mthuli Ncube (Photo by Fabrice COFFRINI / AFP)
HARARE (Reuters) – Zimbabwe’s economy is set to grow by more than 7.4% in 2021 after contracting by 4.1% this year, with mining, agriculture and moderating inflation anchoring the recovery, finance minister Mthuli Ncube told parliament on Thursday.
Even before the outbreak of COVID-19, the economy was strained by foreign currency shortages, spiralling inflation, unemployment above 90%, a breakdown of social and health and drought that left more than half the population needing aid.