Harare, January 31 (SocialNews.xyz) Zimbabwe’s economic outlook is positive, and it is expected that the growth of 2025 will increase from 2 % last year due to the recovery of agriculture last year and the robust growth of industries and services. Masu. , World Bank (WB) said on Friday.
“Zimbabwe’s economic outlook is positive, and the recession of the COVID-19 in 2019/20 in 2019/2020 and the recovery from the 2024-related drought,” said the latest Zimbabwe-renewal report.
The report titled “Improvement of Recovery for Weather Shock and Climate Change” emphasizes that Zimbabwe emphasizes the opportunity to strengthen the recovery power of climate shock and climate resilience, and further enhances growth.
According to the report, Zimbabwe’s economic recovery in 2025 is mainly due to a wide range of recovery after residence, and agriculture, an important pillar in the economy, is expected to increase by almost 13 %. 。 Tobacco production.
The report also focuses on the fact that Zimbabwe’s mining sector has been enhanced by new investments that are expected to increase gold prices, lithium production and increase the production of iron and steel. did.
“Similarly, the tourism industry is growing rapidly, and the number of international arrivals and hotel beds is increasing,” said the report.
However, in the manufacturing industry, the decline in the water level of Lake Caliva has influenced Zimbabwe’s hydroelectric power, and is partially caused by drought shortage and has grown inactive.
In order to promote economic growth, Xinhua News Agency reported that Zimbabwe had needed to work on macro economy issues to ensure price and exchange rate stability.
WB said that South African countries need to continue working on clearance and debt resolution through structured dialog platforms.
“In order to recover the stability of the macroeconomic economy, it is essential to minimize the impact of economic reforms on vulnerable households. It is important to identify how the government and development partners support vulnerable households.” And WB said.
ENEIDA FERNANDES, Zimbabwe’s WB Country Manager, emphasized the need for Zimbabwe that irrigation and investment in landscapes and basin management to strengthen national resilience against climate -related shocks.
“It is essential to make climate shocks such as drought worsen sustainable development and poverty levels and increase the resilience of the agricultural sector,” Fernandez said.
Source: Ians
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