LATEST BUSINESS: Mid-term fiscal policy review tomorrow

Minister Chinamasa
Minister Chinamasa

THE Minister of Finance and Economic Development Mr Patrick Chinamasa will tomorrow be expected to make the mid-term fiscal policy review, exactly 10 days after Reserve Bank of Zimbabwe Governor Dr John Mangudya’s maiden the monetary policy statement.

Government has already downwardly revised this year’s local economic growth projections from 6,1 percent made in the 2014 National Budget to three percent as global economic growth slows and local economic targets are missed.

The market is curious to establish how agreed projects between Zimbabwe and China are likely to impact on local economic growth.

Today, Mr Chinamasa noted at the Herald Business breakfast meeting that much of China’s investments will be particularly directed at the economy.

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