HARARE Dec 8 Zimbabwe's economy will grow by
0.6 percent in 2016, half the previous forecast, but will
recover next year, Finance Minister Patrick Chinamasa said in a
budget speech on Thursday.
Chinamasa said the budget deficit for the 2017 fiscal year
was estimated at $400 million, equivalent to 3 percent of GDP,
up from 1.1 percent in this year.
The southern African nation is grappling with a devastating
drought that has left more than 4 million people facing hunger,
while the worst financial crisis in seven years has fuelled some
of the biggest anti-government protests in a decade.
(Reporting Macdonald Dzirutwe; Writing by Mfuneko Toyana;
Editing by James Macharia)