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Positive economic growth forecast

The report by MMC Capital Research, titled Zimbabwe Investment Outlook — 2011 and Beyond, revealed that mining, agriculture, manufacturing, tourism and telecommunications were expected to contribute towards positive economic growth.

 

“Economic recovery is anticipated to continue in 2011 despite ongoing uncertainty surrounding the political environment, with a projected GDP growth rate of 9,3% according to the Ministry of Finance,” read part of the report.

The economy is estimated to have grown by 8,1% last year following the 5,7% recovery in 2009 on the back of the strong performance in mining and agriculture sectors.

Mining is expected to grow by 44% while agriculture, manufacturing and tourism will contribute 19,3%, 5,7% and 2% respectively.

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