Govt misses ZimAsset targets

NEW economic growth projections made by treasury under the 2016 Budget strategy all but confirm that growth forecasts espoused under government’s ambitious economic blueprint, ZimAsset have been missed as finance minister Patrick Chinamasa presents 2016 National Budget today.

By Bernard Mpofu/Taurai Mangudhla

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Although government projected an average 7,7% annual GDP growth between 2013 and 2018 under ZimAsset, with peak growth targets of as much as 9,9% in 2018 under the economic blue print, figures from the 2016 budget strategy paper indicate the country’s economy could only grow at an average of 3,4% during the period.

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Weak commodity prices on the international market and a looming drought prompted government to lower GDP forecasts for this year.

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