IMF revises Zimbabwe's 2017 economic growth upwards

The International Monetary Fund (IMF) has reviewed Zimbabwe’s real gross domestic product projections from the -2.5 percent it forecast in its October 2016 outlook to 2 percent.

The World Bank’s Global Economic Prospects report released in January however forecasts that the Zimbabwean economy will grow by 3.8 percent. In March, government also reviewed 2017 growth from the 1.7 percent announced in the 2017 National Budget to 3.7 percent, following a good agricultural season and firming metal prices. Zimbabwe’s inflation, which last month increased to 0.21 percent, is expected by the IMF to close the year at 5 percent, which will be the highest annual average since the adoption of the US dollar.