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World Bank Says Zimbabwe’s Economy on Recovery Path

World Bank Says Zimbabwe’s Economy on Recovery Path

Voice of America
Tuesday, June 22, 2021 02:29:48 AM UTC

In a report this month, the World Bank predicts Zimbabwe’s economy will grow 3.9% this year even as the country sees an alarming rise in poverty levels, especially in urban areas. The report says a record 7.9 million Zimbabweans are “extremely” poor, earning less than 30 U.S. dollars a month.

Forty-one-year-old Richard Luzani is one of many unemployed Zimbabweans hoping the economy will recover and that the coronavirus pandemic will end soon. Each day he pushes a cart full of water buckets while selling the scarce precious liquid in Hatcliffe — one of the poorest suburbs of Harare. He works with his 58-year-old father, Weluzani. “I wish I could a get any formal job," Luzani said. "I am just barely making a living from this hustle of selling water so that my family can survive. But so far everything is down.”
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