There are fears that Zimbabwe is heading for a recession.
A gloomy rainy season forecast for the agro-based economy
as well as a global slump in demand for its minerals are to
blame. The financial services sector says macro-economic
policy changes are needed to avert the recession. On Wednesday the International Monetary Fund slashed its Zimbabwe growth forecast from 2.8 percent to 1.5 percent, confirming Zimbabwe's earlier projection of an economic slowdown.
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