HARARE (Reuters) - Zimbabwe expects growth of 5 percent in 2013 after a sharp slow down this year but a violent election campaign could dampen prospects for a sustained recovery of the fragile economy, Finance Minister Tendai Biti said on Thursday.
The southern African country is expected to hold general elections in 2013 but many fear supporters of long-serving President Robert Mugabe might use violence, which marred previous polls, to win the vote.
Mugabe has been in an uneasy coalition with long-time rival Morgan Tsvangirai, now prime minister, after a disputed election in 2008.
Biti said in a budget presentation to parliament that Zimbabwe's growth prospects in the coming year were based on a normal rainy season to boost agriculture and firming commodity prices for its minerals.
"The biggest risk in 2013 remains that one of a violent and contested election," said Biti, a senior figure from Tsvangirai's Movement for Democratic Change party.
Biti said the economy was now expected to grow 4.4 percent this year, less than half the 9.3 percent expansion recorded last year, due to a decline in agricultural output
Inflation, which quickened to 3.38 percent in October, is expected to remain below 5 percent in 2012.
Economic growth in a country once seen as one of Africa's most promising rebounded to near-double digits over the last couple of years following a decade-long recession.
Source: http://news.yahoo.com/zimbabwe-gdp-growth-slow-sharply-2012-finmin-133428300--business.html
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