Zim economy to grow 7,4 percent next year

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