Thursday, March 23, 2023
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result

Warning: Attempt to read property "term_id" on null in /homepages/1/d847823131/htdocs/clickandbuilds/TheSouthernAfricanTimes/wp-content/plugins/jnews-breadcrumb/class.jnews-breadcrumb.php on line 199

Warning: Attempt to read property "name" on null in /homepages/1/d847823131/htdocs/clickandbuilds/TheSouthernAfricanTimes/wp-content/plugins/jnews-breadcrumb/class.jnews-breadcrumb.php on line 199
Home

Warning: Attempt to read property "term_id" on null in /homepages/1/d847823131/htdocs/clickandbuilds/TheSouthernAfricanTimes/wp-content/plugins/jnews-breadcrumb/class.jnews-breadcrumb.php on line 199

Warning: Attempt to read property "name" on null in /homepages/1/d847823131/htdocs/clickandbuilds/TheSouthernAfricanTimes/wp-content/plugins/jnews-breadcrumb/class.jnews-breadcrumb.php on line 199

Zimbabwe’s GDP to decline by half in 2022: IMF

by SAT Reporter
September 20, 2022
in in Southern Africa, Zimbabwe
0
Zimbabwe’s GDP to decline by half in 2022: IMF
0
VIEWS

Zimbabwe’s Gross Domestic Product (GDP) growth is expected to decline by about half of its 2021 levels to around 3.5 percent in 2022, the IMF said after a delegation completed a mission to the Southern African country on Monday.

The lender attributed the decline to a slowdown in agricultural and energy outputs owing to erratic rains and rising macroeconomic instability, amidst a recovery in mining and tourism.

The IMF pointed out that uncertainty remains high, and the country’s outlook will depend on the evolution of external shocks, the policy stance, and implementation of inclusive growth-friendly policies.

“The IMF mission notes the authorities’ efforts to stabilize the local foreign exchange market and lower inflation. In this regard, the recent tightening of monetary policy and the contained budget deficits are policies in the right direction and have contributed to the narrowing of the parallel market exchange rate gap,” IMF delegation head Dhaneshwar Ghura said.

“Further efforts are needed to durably anchor macroeconomic stability and accelerate structural reforms.”

Zimbabwe’s economy has been on a downward trajectory for nearly two decades.

The IMF said renewed price and exchange rate depreciation pressures emerged, notably in the second quarter of 2022, with inflation in August reaching 285 percent over a year earlier.

The Washington-based lender provides Zimbabwe with extensive technical assistance in the areas of economic governance and financial sector reforms, as well as macroeconomic statistics. It is however precluded from providing financial support to Zimbabwe due to unsustainable debt and official external arrears.

Tags: economyFinanceGDPGrowthInflationMTHULI NcubeZimbabwe
Previous Post

UK based Zimbabwean Businessman Promotes strategic diaspora investment

Next Post

Africa’s economies threatened by climate crisis, regulatory uncertainties: experts

SAT Reporter

Related Posts

South African authorities arrest 87 ahead of anti-government protest
South Africa

South African authorities arrest 87 ahead of anti-government protest

by SAT Reporter
March 20, 2023
All set for commissioning of new generator to boost Zimbabwe’s power supplies
Business

All set for commissioning of new generator to boost Zimbabwe’s power supplies

by SAT Reporter
March 20, 2023
Uhuru Kenyatta visits DR Congo to facilitate peace process
Democratic Republic of Congo

Uhuru Kenyatta visits DR Congo to facilitate peace process

by SAT Reporter
March 11, 2023
Tanzania, World Bank pledge to support women in accessing digital technologies
Tanzania

Tanzania, World Bank pledge to support women in accessing digital technologies

by SAT Reporter
March 8, 2023
South Africa gets new minister to tackle power crisis
South Africa

South Africa gets new minister to tackle power crisis

by SAT Reporter
March 7, 2023
Next Post
Africa’s economies threatened by climate crisis, regulatory uncertainties: experts

Africa's economies threatened by climate crisis, regulatory uncertainties: experts

Browse by Category

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa News african footballer African investments African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Health Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe

Categories

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tag

africa African business news Africa News african footballer African investments African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Health Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?