HARARE, Dec. 2 (Xinhua) -- Zimbabwe's near-term economic outlook is positive with growth anticipated to remain at 5 percent in 2026, the World Bank said Tuesday.
According to the Zimbabwe Economic Update released by the World Bank in Harare, Zimbabwe's capital, the country's growth would be driven by robust growth in agriculture, industry and services.
The report said that Zimbabwe's external position remains resilient, with mineral exports and remittances helping maintain a modest current account surplus.
The report affirmed Zimbabwe's projected economic growth of 6.6 percent in 2025, largely supported by a recovery in agriculture, iron and steel manufacturing and services.
Poverty is expected to decline gradually in Zimbabwe as growth recovers, but remains sensitive to weather shocks and inflation, with rural households particularly exposed due to the dependence on rain-fed agriculture, slow off-farm jobs and inadequate social protection, it said.
Zimbabwe needs to maintain its commitment to macroeconomic stability and press on with its arrears clearance and debt resolution process to support strong economic growth momentum, according to the report.
"It is imperative to deepen ongoing reforms and tackle enduring structural constraints. Central to this effort is the effective implementation of the ease of doing business reforms, which seek to improve the business environment, stimulate investment and promote private sector-led growth," the report added. ■
