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Zimbabwe trims 2016 economic growth forecast, budget deficit balloons

By REUTERS
Zimbabwe's economy is now expected to grow 1.2 percent in 2016, from the 1.4 percent forecast earlier in the year, Finance Minister Patrick Chinamasa said in his mid-year budget speech on Thursday.
Chinamasa also told parliament that the budget deficit had already overshot the target in the first half of the year at $623 million, and that the shortfall for the whole year could rise above $1 billion.
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