- Economic growth slowed from 3.8% in 2014 to an estimated 1.5% in 2015 as a result of weak domestic demand, high public debt, tight liquidity conditions, drought, poor infrastructure, institutional weaknesses and an overvalued exchange rate with projected negative inflation in 2016 and 2017.
- The business environment improved according to the World Bank report, Doing Business 2016, with the country moving up 16 places to 155 out of 189 countries.
- Zimbabwe has experienced reverse urbanisation in recent years as an economic slowdown hampered opportunities in cities.
Zimbabwe field office
African Development Bank Group
5th Floor Joina City
Cnr. Jason Moyo Ave/Julius Nyerere Way
Phone: (263) 4 752 917/838
Fax: (263) 4 779 398
Mr. Damoni Kitabire, Resident Representative