Thu, 22 Jun 2017 10:52:37 +0000 By ANNIE ZULU PARLIAMENT heard yesterday that the country’s Gross Domestic Product (GDP) growth in 2017 is projected to rise to 4.3 percent against an initial forecast of 3.4 percent. Finance Minister Felix Mutati said this was due to increased agricultural output, improved power generation and higher mining output supported by better prices and power supply. Mr Mutati added that other sectors that were supporting growth were construction, wholesale and trade and tourism. The minister said this in a ministerial statement, adding: “Economic performance has rebounded, with inflation down to single digits, the exchange rate remaining largely stable while GDP growth has started recovering. “Inflation that closed end of 2016 at 7.5 percent reduced further to 6.5 percent in May 2017. This was supported by the continued stability of the exchange rate, lower food prices in view of a good harvest and improved market confidence in the country’s policy […]
