Zimbabwe GDP growth below target at 4pc in 2018

Zimbabwe’s economy grew by 4.0 per cent last year, below an initial target of 4.5 per cent, treasury said on Thursday, as the country struggles with a severe shortage of dollars and surging inflation.

Treasury said in its fourth quarter report ending December that the government’s foreign and domestic debt stood at $17.8 billion, with 46 per cent of that amount owed to foreign lenders, reports Reuters.