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Zimbabwe GDP growth to slow sharply

Zimbabwe expects 4.4 percent economic growth in 2012, less than half the 9.3 percent expansion recorded last year, due to a decline in agricultural output, Finance Minister Tendai Biti said on Thursday.

“Regrettably, honourable members, ... we have to revise downwards the economic projections for 2012 to 4.4 percent,” Biti said in a 2013 budget statement to parliament.

A petrol bomb hit the home of top Zimbabwe opposition official and former finance minister Tendai Biti, a party spokesman said, the second such attack in three years. Credit: REUTERS

Economic growth in the southern African state rebounded to near-double digits over the last couple of years following a decade-long recession blamed on the policies of President Robert Mugabe. - Reuters

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