Zimbabwe Sees Growth Surge as Farming Rebounds After Drought
- Gross domestic product expected to expand 6% in 2025
- Agriculture and mining expected to drive recovery next year
Mthuli Ncube
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Zimbabwe‘s government expects economic growth to rebound strongly next year as the country recovers from an El Niño-induced drought that’s curbed farm output, fueled demand for imports and squeezed state finances.
Gross domestic product is expected to expand 6% in 2025, up from 2% this year, Finance Minister Mthuli Ncube said in a budget presentation on Thursday. He previously anticipated a 5.3% expansion in 2024.