Zim slashes growth forecast to 3.1%

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Patrick Chinamasa Reuters. Zimbabwean Minister of Finance Patrick Chinamasa.

Harare - Zimbabwe has cut its 2014 growth forecast to 3.1 percent from 6.1 percent, in line with projections from the IMF, the finance minister and central bank governor said in a letter to the monetary fund seen by Reuters.

“A baseline projection for real GDP growth for 2014 is 3.1 percent,” Finance Minister Patrick Chinamasa and central bank governor John Mangudya said in the July 1 letter seen by Reuters on Friday. - Reuters

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