Zimbabwe: 2014 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Zimbabwe
IMF Staff Country Reports, July 11, 2014
Source details
- Canonical URL
- Zimbabwe: 2014 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Zimbabwe
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Bibliographic details
- Published: July 11, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498383028.002
Summary findings
- The economic rebound in Zimbabwe experienced since the end of hyperinflation in 2009 has now ended.
- After averaging 10 percent over 2009–2012, growth fell to an estimated 3.3 percent in 2013.
- Contributing factors to the slowdown in 2013 included:
- tight liquidity conditions
- election-year uncertainty
- weak demand for key exports
- competitiveness pressures
- the impact of adverse weather conditions
- Inflation continued its downward trend from 2.9 percent (year over year) at end-2012 to ?0.3 percent in April 2014.
Medium-term outlook
- Under the baseline scenario, growth is projected to average some 4 percent as large mining sector investments reach full capacity.
Subjects and keywords
- Subjects: Arrears, Banking, Economic and financial statistics, External debt, External sector statistics, Public and publicly-guaranteed external debt, Public debt
- Keywords: Africa, Arrears, Asia and Pacific, authorities' announcement, authority, CR, debt, debt reconciliation exercise, debt stock, expenditure measure, External sector statistics, GDP, ISCR, liquidity condition, Public and publicly-guaranteed external debt, Zimbabwe, Zimbabwean authorities
International Monetary Fund. African Dept. "Zimbabwe: 2014 Article IV Consultation—Staff Report; Press Release; and Statement by the Executive Director for Zimbabwe", IMF Staff Country Reports 2014, 202 (2014).
Content in this bundle
- _cr14202 - Executive Summary