Zimbabwe lowers 2027 growth forecast to 3.5% due to drought concerns

Zimbabwe lowers 2027 growth forecast to 3.5% due to drought concerns

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Zimbabwe has reduced its economic growth forecast for 2027 from 5 percent to 3.5 percent. This revision is attributed to the anticipated impact of an El Nino-induced drought during the 2026/2027 summer cropping season, as stated by Finance Minister Mthuli Ncube at a pre-budget seminar in Bulawayo.

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Originally published by gnews