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Business / Economy

Zimbabwe records 3.2% economic growth

by Staff reporter
26 May 2015 at 07:01hrs | Views

The African Economic Outlook 2015 said Zimbabwe's economy is set to record marginal increases in gross domestic product (GDP) this year and in 2016 on the back of a planned investment in infrastructure projects.

The report warned of persistent deindustrialization and a growing informal economy.

Statistics from the Ministry of Finance showed at least 4 610 companies closed between 2011 and 2014 resulting in a loss of 55 443 jobs and it said 80% of the workers were employed in the informal sector.

Source - newsday