The World Bank has projected a 3.9 per cent uptick in Gross Domestic Product growth in 2021, a significant improvement after a two-year depression.
The international institution commended the government’s economic revival framework, which poised the country to register economic growth this year despite the challenges posed by the COVID-19 pandemic.
Earlier, the African Development Bank had projected a 5.6 per cent economic growth this year, to be driven by a recovery in the agriculture, mining, and tourism sectors, together with increased public and private investments.
This is the third economic update for Zimbabwe produced by the World Bank.
ZEU noted that economic recovery was expected to strengthen further in 2022 with GDP growing at 5.1 per cent as the deployment of vaccines intensified and implementation of National Development Strategy 1 (2021-2025) bore fruits.