e La Nina phenomenon

Agriculture sector growth slacks

Agriculture sector growth slacks

Tujoromajo Kasuto The agriculture sector recorded a 3% and 1.6% growth in first and second respectively, lagging far behind overall GDP growth rates of 6.5% and 5.6% in the same quarters last year, latest figures from Simonis Storm reveal. Theo Klein, economist with the research firm said that the slowdown in the sector was due to all sub-sectors recording lower growth rates in the second quarter. Crop and fishing contributed most to the overall slowdown. He said the value of fish exports decreased by 10.9% year-on-year in August 2022, compared 10.3% year-on-year in July 2022. ‘’The La Nina phenomenon is…
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