Zim econ­omy to grow 7,4 per­cent next year

Chronicle (Zimbabwe) - - Front Page -

Fi­nance and Eco­nomic De­vel­op­ment Min­is­ter, Pro­fes­sor Mthuli Ncube, said this in his 2021 Pre-Bud­get Strat­egy Pa­per themed: “Build­ing Re­silience and Eco­nomic Re­cov­ery Post Covid19”.

e strat­egy doc­u­ment also out­lines sug­gested pri­or­i­ties for next year’s na­tional bud­get, which is guided by the Na­tional De­vel­op­ment Strat­egy (NDS I: 2021-25), to be launched this month. NDS I is a suc­ces­sor to the TSP, which comes to an end in De­cem­ber 2020. It will con­sol­i­date the achieve­ments of TSP as the coun­try moves to­wards at­tain­ing a mid­dle-in­come sta­tus econ­omy by 2030.

Prof Ncube said the pro­jected nor­mal to above nor­mal rain sea­son, im­proved in­vest­ment con­di­tions and well-planned strate­gies and pro­grammes un­der the NDS 1 blue-print, form a solid ba­sis for the de­sired turn­around. Al­though the last two years have been tough for the do­mes­tic econ­omy be­cause of cli­matic, macro-eco­nomic, and the cur­rent Covid-19 shocks as well as the im­pact of sanc­tions, Zim­babwe has ex­hib­ited re­silience. This is ev­i­denced by the suc­cesses on the eco­nomic re­forms un­der TSP. Since the grad­ual re-open­ing of the econ­omy from

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