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Published 15 days ago

IMF cuts SA growth forecast

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IMF cuts SA growth forecast Estelle.Bronkhorst Wed, 04/17/2024 - 06:00 JOHANNESBURG - The International Monetary Fund has slashed South Africa's economic growth forecast to below one percent.Projections for next year have also been cut by 0.1 percentage points. The IMF says that in addition to low growth, South Africa will continue to battle inflation and high unemployment.It only sees inflation averaging the Reserve Bank’s target of 4.5…

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IMF cuts SA growth forecast

IMF cuts SA growth forecast Estelle.Bronkhorst Wed, 04/17/2024 - 06:00 JOHANNESBURG - The International Monetary Fund has slashed South Africa's economic growth forecast to below one percent.Projections for next year have also been cut by 0.1 percentage points. The IMF says that in addition to low growth, South Africa will continue to battle inflation and high unemployment.It only sees inflation averaging the Reserve Bank’s target of 4.5…

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