Zimbabwe halves 2016 growth forecast, budget deficit widens

As mentioned earlier, Zimbabwe, Finance Minister Patrick Chinamasa halved his 2016 economic growth estimate to 0.6 per cent and said the budget deficit would widen to $1.18 billion - eight times his November 2015 forecast of $150 million. Prosper Chitambara, Senior Research Economist, Labour & Economic Development Research Institute of Zimbabwe and Neville Mandimika, Africa Strategist Global Markets Research at Rand Merchant Bank join CNBC Africa for more.