Zimbabwe's economy is now expected to grow 1.2 percent in 2016, from the 1.4 percent forecast earlier in the year, Finance Minister Patrick Chinamasa said in his mid-year budget speech on Thursday.
Chinamasa also told parliament that the budget deficit had already overshot the target in the first half of the year at $623 million, and that the shortfall for the whole year could rise above $1 billion.
By: Reuters.
Reporting: MacDonlad Dzirutwe.
Writing: Stella Mapenzauswa.
Editing: James Macharia.
Photo: Digital Look.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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