Economic growth to slow down in 2013

THE Ministry of Economic Planning and Investment Promotion has revised downwards the country’s economic growth rates for 2013 to 5,2% from an initial projection of 6,6%.

Report by Bernard Mpofu Chief Business Reporter

The ministry said more reforms were required to stimulate the performance of the economy.

According to the first Medium Term Plan (MTP 2011-2015) implementation progress report, failure by Zimbabwe to attract significant foreign direct investments, a huge debt overhang, infrastructure bottlenecks and late disbursements of funds from Treasury will slow down economic growth.

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