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Zimbabwe halves 2016 growth forecast, budget deficit widens
HARARE (Reuters) – 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. In addition, Zimbabwe expects its 2016 fiscal budget deficit to widen to $1.18 billion, nearly…
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