IMF hails resilience of Zimbabwe's economy amid currency turmoil

HARARE, Feb. 14 (Xinhua) -- Economic activity in Zimbabwe continues to show resilience in the face of currency instability and high inflation, the International Monetary Fund (IMF) said Wednesday.

While growth is expected to decelerate to about 3.25 percent in 2024 due to the impact of drought on agricultural production and lower commodity prices, remittances will likely remain strong and offset the anticipated reduced foreign currency inflows, the IMF said in a statement at the conclusion of a two-week staff visit to Zimbabwe.