IMF sees green shoots in the Zimbabwe economy

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ZIMBABWE’S economic activity has started recovering after the El Niño-induced drought.Growth slowed from 5,3 percent to an estimated 2 percent in 2024, as the drought lowered agricultural output by 15 percent. This was compounded by reduced electricity production and declining prices for key mineral exports (platinum and lithium).That said, strong remittances continued supporting activity in…