IMF slashes Zimbabwe's growth forecast due to El Nino-induced drought

HARARE, June 28 (Xinhua) -- Zimbabwe's economic growth is expected to decelerate to 2 percent in 2024 from 5.3 percent last year due to the effects of an El Nino-induced drought, the International Monetary Fund (IMF) has said.

The growth, however, is expected to rebound strongly to about 6 percent in 2025, supported by a recovery in agriculture and ongoing capital projects in the manufacturing sector, the IMF sa