Zimbabwe’s economy is expected to rebound to 6% growth this year, the IMF said, driven by better harvests, record gold prices, and strong diaspora remittances. Growth had slowed to 1.7% in 2024 due to drought and lower hydroelectric output.
While the government projects an even higher 6.6%, the IMF warns that medium-term growth may ease to 3.5%, citing weak confidence in reforms, reliance on local borrowing, and ongoing currency pressures despite the launch of the gold-backed ZIG. The Fund called for stricter fiscal discipline to address arrears and financing gaps.
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