What is Zimbabwe's 2020 growth outlook?
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The IMF has pegged a contraction of at least 6% in the Zimbabwean economy for 2019. This, with the country, hampered by power outages, foreign currency shortages, reduced production and inflation running rampant towards 500%, year-on-year. And political deadlock is certainly not helping. The Economist Intelligence Unit has in fact forecasted that Zimbabwe will be among the 5 worst performers, only behind Venezuela, in terms of GDP growth for this year projecting a 12.9% contraction. Morgan and Co. Zimbabwe’s Batanai Matsika talks to Business Day TV about country's economic status and what kind of equity strategy can be employed.