The International Monetary Fund (IMF) has lowered Zimbabwe’s forecasted growth from 2.8% to 1.5% due to a slowdown in economic activity.
IMF head of mission, Domenico Fanizza, was cited by CNBC Africa as blaming this on a protracted drought which has caused food shortages and price hyperinflation, as well as low prices for Zimbabwe's commodity exports.
According to news agency Reuters, some analysts predict that Zimbabwe could experience a further economic downturn this year.
Tough time ahead for Zim economy
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