Indicators

Zimbabwe Forecasts Fastest Growth in 14 Years After IMF Deal

Street traders in the central business district of Harare, Zimbabwe.Photographer: Cynthia R Matonhodze/Bloomberg

Zimbabwe’s economy could grow at its fastest pace in 14 years after the nation secured a 10-month staff-monitored program with the International Monetary Fund, its secretary for finance and economic development said.

The economy may expand by at least 8.5% in 2026 and rates could reach 9% to 10%, far outpacing an earlier projection of 6.6%, George Guvamatanga said Tuesday at a mining conference in Cape Town. If realized, that would mark the fastest annual expansion since 2012 and be almost double the 5% pace projected by the IMF for this year.