Contrary to Zimbabwe’s Ministry of Finance estimates of economic growth in 2019, the International Monetary Fund (IMF) has just released its projected figures on Zimbabwe and they are not looking good.
The IMF says Zimbabwe will register a negative economic growth of -5.2% in 2019, that means Zimbabwe is officially in a recession, for the first time since 2008.
The IMF had initially predicted a 4.2% economic growth in October 2018, but on the flipside the Zimbabwean economy is expected to grow by 3.3% in 2020.
Zimbabwe Finance Minister has predicted a 3.1% growth of the economy in 2019.
Basically what this means for ordinary Zimbabweans is tat life will be very difficult this year with unemployment figures expected to increase, and just like in 2008 inflation, and more.
Price hikes are contributing to the recession according to economists.
