October 7, 2019 / 3:02 PM / in 14 days

Zimbabwe economy seen contracting up to 6% in 2019 -treasury document

HARARE, Oct 7 (Reuters) - Zimbabwe’s economy is projected to contract by up to 6% this year due to a drought that hit farming output and electricity generation but is expected to rebound next year on better agriculture prospects, a treasury document showed on Monday.

The southern African nation’s economy is grappling with its worst crisis in a decade, with triple-digit inflation, rolling power cuts and shortages of U.S. dollars, medicines and fuel that have revived memories of the 2008 hyperinflation under late President Robert Mugabe.

Reporting by MacDonald Dzirutwe Editing by Chris Reese

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