World Bank urges Zimbabwe to accelerate economic reforms amid subdued economic outlook

HARARE, Dec. 13 (Xinhua) -- Zimbabwe's medium-term outlook points to subdued economic growth which requires continued implementation of economic reforms, the World Bank said Wednesday.

Economic growth is projected to slow to 3.5 percent in 2024 from 4.5 percent in 2023, as agricultural output is expected to suffer from depressed global growth and the impact of the El Nino-induced drought, the World Bank said in its fourth Zimbabwe Economic Update report launched in Harare, Zimbabwe's capital, Wednesday.