Zimbabwe expects the economy to grow by 3,5% this year, slower than the 5,5% last year, but experts say the situation could worsen. In a Zimbabwe Independent poll, experts agreed that the biggest threat to economic growth would be El Niño, whose effects have also been felt in power generation and other sectors. But apart from the drought, a tougher tax regime announced in December, currency fragility and high interest rates would also have a huge say in the direction that the economy will take. According to the World Bank, the mining industry’s contribution to economic growth will be weakened due to the decline in demand for minerals worldwide. Maintaining the pace of economic reforms, such as those mentioned in the conversation on arrears clearance, will help to reduce inflation and ease pressure on the exchange rate, the World Bank added. Should Zimbabwe be worried of recession ?

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