Zimbabwe's economy jumps 6.6% - finance minister reveals what tobacco taught investors
Key Points
- Zimbabwe raised its growth forecast from 6% to 6.6% due to a...
Zimbabwe just bumped its growth forecast from 6% to 6.6%, and before you ask - yes, that extra 0.6% actually matters when you're talking about an entire country's economy. Finance Minister Mthuli Ncube credits this upgrade to two things: tobacco farmers who apparently remembered how to grow stuff again, and gold prices that decided to act like they're actually precious.
From Drought to Doubt-Free
Last year's El Niño drought hit Zimbabwe's agriculture harder than a margin call on a leveraged position. The tobacco sector, which is basically Zimbabwe's agricultural MVP, took a beating that ...
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