HARARE, July 31 (Xinhua) -- All sectors of Zimbabwe's economy are expected to record positive growth in 2025, Finance and Economic Development Minister Mthuli Ncube said on Thursday.

While presenting the 2025 mid-term budget and economic review statement in parliament, the minister noted that given the positive economic developments during the first half of the year, Zimbabwe is on track to achieve the projected 6 percent growth in 2025.

"All sectors of the economy are expected to record positive growth in 2025, mainly on account of a favorable agriculture season, improved electricity generation, and stable exchange and inflation rates. This is notwithstanding declining international mineral commodity prices and a subdued global economic environment," Ncube said.

In the meantime, the minister said in the 2026 budget strategy paper that the medium-term outlook presents a projected real gross domestic product growth of 5 percent over the period 2026 through 2029, adding that downside risks to growth projections stem from adverse weather conditions which could substantially reduce agricultural output, with ripple effects on the wider economy.

In addition, persistent power supply constraints pose risks to industrial and mining productivity, potentially dampening growth prospects, while volatility in global commodity prices, coupled with constrained access to external concessional financing, may adversely affect export earnings and fiscal stability, he said.

According to Ncube, the 2026 national budget will align fiscal and economic policies to support the successful rollout of the country's new five-year economic blueprint, with emphasis on entrenching structural transformation of the economy. ■