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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.

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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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