In FY 2012/13, real GDP at market prices was projected to grow by 4.1%, as the economy continues to recover from the after effects of the recent global and regional shocks. This was an improvement compared to last FY 2011/12 growth of 3.4% due to the rebound in performance in formal manufacturing, mining and trade service sectors of the economy, as shown in table 1. However, this was below the target of 5.4% projected at the start of the FY 2012/13 a factor attributed to weak domestic demand coupled with slower implementation of key investment projects.
