INTERVIEW-Zimbabwe output, employment grow rapidly -minister

Tue Jun 23, 2009 10:45am GMT
 

LONDON, June 23 (Reuters) - Zimbabwe's economy has begun to turn around in the past four months, with employment and industrial capacity use more than doubling and inflation under control, the minister for economic planning said on Tuesday.

Elton Mangoma, who took office with the new unity government in February, said employment now stood at 15 percent, up from six percent, and industrial capacity utilisation had risen to between 20 and 30 percent from less than 10 percent.

"This year we are looking at growth rates of anything between three and five percent," he told Reuters on the sidelines of an mining conference in London.

"From next year onwards, we are looking at double digit growth from a very low base. At least for the next ten years, we can look at double digit GDP growth rates," he said. (Reporting by Luke Baker; Editing by Keith Weir)

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