ZIMBABWE NETZWERK e.V.

World Bank sees economy growing 4.2 percent

New Zimbabwe writes:" The economy is likely to grow by around 4.2 percent this year, lower than the government's projection of 6.2 percent due to a slowdown in key sectors of the economy, a World Bank official said on Wednesday.

The country's economy is stuttering in the aftermath of a disputed election last July that extended President Robert Mugabe's 33-year rule. After growing by 9.3 percent in 2011, it slowed to 4.4 percent in 2012 while projections for 2013 were revised from 5 percent to 3.4 percent. ".