{"id":6718,"date":"2012-01-05T13:17:35","date_gmt":"2012-01-05T11:17:35","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/possible-election-could-dampen-zimbabwe-growth-outlook-afdb\/"},"modified":"2012-01-05T13:17:35","modified_gmt":"2012-01-05T11:17:35","slug":"possible-election-could-dampen-zimbabwe-growth-outlook-afdb","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/possible-election-could-dampen-zimbabwe-growth-outlook-afdb\/","title":{"rendered":"Possible election could dampen Zimbabwe growth outlook-AfDB"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Spectre of poll violence, indigenisation of firms unnerve<br \/>\ninvestors<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Power-sharing govt has overseen recovery<\/p>\n<p><span><\/span><\/p>\n<p>* Govt sees 2012 GDP growth at 9.4 pct v 9.3 pct in 2011<\/p>\n<p><span><\/span><\/p>\n<p>By Nelson Banya<\/p>\n<p><span><\/span><\/p>\n<p>HARARE, Jan 5 (Reuters) &#8211; Zimbabwe&#8217;s projected<br \/>\neconomic growth in 2012 depends on a stable political<br \/>\nenvironment which could be undermined if a contentious general<br \/>\nelection takes place, the African Development Bank (AfDB) said<br \/>\nin a monthly review released on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Finance Minister Tendai Biti expects the economy to expand<br \/>\nby a further 9.4 percent in 2012 from a forecast 9.3 percent<br \/>\nlast year, mainly on the back of a rebound in agriculture and<br \/>\nmining. Inflation is projected to average 5 percent this year.<\/p>\n<p><span><\/span><\/p>\n<p>The southern African country has been on a recovery path<br \/>\nsince 2009 when long-time ruler President Robert Mugabe agreed<br \/>\nto share power with his rival, Prime Minister Morgan Tsvangirai,<br \/>\nafter disputed 2008 polls and in a bid to reverse a decade-long<br \/>\neconomic slump.<\/p>\n<p><span><\/span><\/p>\n<p>The AfDB said while international commodity prices would be<br \/>\nkey to Zimbabwe&#8217;s economic growth prospects, internal policy<br \/>\ndecisions, such as Mugabe&#8217;s drive to give control of foreign<br \/>\nowned firms to locals, could hurt the economy.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The on-going implementation of the indigenisation and<br \/>\neconomic empowerment laws and the expected national elections in<br \/>\n2012 continue to weaken external investor confidence,&#8221; the AfDB<br \/>\nsaid in its review of Zimbabwe&#8217;s economy.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Spectre of poll violence, indigenisation of firms unnerve investors * Power-sharing govt has overseen recovery * Govt sees 2012 GDP growth at 9.4 pct v 9.3 pct in 2011 By Nelson Banya HARARE, Jan 5 (Reuters) &#8211; Zimbabwe&#8217;s projected economic growth in 2012 depends on a stable political environment which could be undermined if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6718","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6718"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6718\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}