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Zimbabwe’s Economy Set To Grow

African Farming

After a crippling drought last year that left four million people in need of food aid, Zimbabwe’s economy is poised for growth.

The World Bank says the economy will grow to 2.8% but warns that public debt is straining local banks and contributing to cash shortages.

The country expects to produce enough grain to feed itself.

However, wider problems persist. There is still a critical shortage of money that the World Bank blames on excessive government borrowing from local banks, and a high public service wage bill.


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