Economy grows at slowest pace since recession

According to the Gross Domestic Product (GDP) statistics, the 4.4 percent growth is less than half the revised growth rate of 9.3 percent registered in 2013. The country’s economic back bone, mining, slowed down sharply to register a growth rate of just 4.5 percent in 2014 from 23 percent the previous year. The water and electricity sector was the biggest drawback to the economy as the sector registered a negative growth of 18 percent in the year.

Since the economic recession of 2009, when growth stood at a negative 7.6 percent, the economy has grown by   healthy percentages of 8.6 percent in 2010, 6 percent in 2011, and 4.8 percent in 2012