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“Economic growth is projected to reach 4.2 percent in 2023, supported by robust activity in the hydrocarbon, industry, construction, and services sectors. The current account is expected to record a surplus for the second year in a row despite lower hydrocarbon prices, and international reserves are at a comfortable level, equivalent to about 14 months of imports as of end-October.
Average annual inflation is projected to remain elevated at 9.2 percent in 2023, with fresh food prices continuing to be a major driver and even though the exchange rate appreciation helped contain imported inflation. Monetary policy has remained accommodative, despite the central bank’s action in April to increase reserve requirements and step up liquidity absorption in the banking sector. The budget deficit would reach 6.7 percent of GDP, driven in part by an increase in the public wage bill, transfers, and investment spending.
“There will be a joint venture investment in the field and there will be training of our brothers from Zimbabwe in the National Institute of Hydrocarbons and Chemistry in Algeria maybe next month.”
سونطراك ستدخل الى زيمبابوى
استكشاف ، انتاج و تكوين
Zim to tap into Algerian, Japanese gas expertise
Zimbabwe's largest daily newspaperwww.herald.co.zw