Economy shrinks 24%, officially enters recession
Friday, October 02, 2020
The economy grew by 2.6 percent in the 12 months to March 2020, before plummeting as COVID-19 forced the closure of borders, reduced demand and prices for the country’s key commodities and inhibited productive activity through movement restrictions.
On Tuesday afternoon, experts said the country was in a technical recession as it had experienced two consecutive quarters of negative growth, on a quarter-on-quarter basis. On a quarter-on-quarter basis, the economy shrank by 0.8% between January and March and then by -24.8% between April and June. On a year-on-year basis, the economy grew by 2.6 percent in the first quarter to March 2020, then fell by 24% in the quarter to June 2020.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...