Zimbabwe GDP growth below target at 4pc in 2018

Published: April 11, 2019 21:38:00 | Updated: April 14, 2019 18:20:59

File photo (Collected)

Zimbabwe’s economy grew by 4.0 per cent last year, below an initial target of 4.5 per cent, treasury said on Thursday, as the country struggles with a severe shortage of dollars and surging inflation.

Treasury said in its fourth quarter report ending December that the government’s foreign and domestic debt stood at $17.8 billion, with 46 per cent of that amount owed to foreign lenders, reports Reuters.

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