Zimbabwe GDP growth below target at 4% in 2018 – Treasury

The government's foreign and domestic debt stood at $17.8 billion in December, with 46% of that amount owed to foreign lenders.

FILE: Solomon Chakauya, waits for customers in his grocery store, in Chinamhora district north-east of Zimbabwe's capital Harare on 10 December 2018. Picture: AFP

HARARE - Zimbabwe's economy grew by 4% last year, below an initial target of 4.5%, Treasury said on Thursday, as the country struggles with a severe shortage of dollars and surging inflation.

Treasury said in its fourth-quarter report ending December that the government's foreign and domestic debt stood at $17.8 billion, with 46% of that amount owed to foreign lenders.