IMF downgrades SA’s GDP growth forecasts.
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IMF downgrades SA’s GDP growth forecasts, sees a third of global economy contracting.
The forecasts were laid out in the International Monetary Fund’s (IMF’s) latest World Economic Outlook, which coincides with the fund’s annual meetings in Washington.
It has downgraded its outlook for South African economic growth, lowering its 2022 forecast to 2.1% from 2.3% in July and to a limp 1.1% for 2023 from 1.4% previously.
The forecasts were laid out in the International Monetary Fund’s (IMF’s) latest World Economic Outlook, which coincides with the fund’s annual meetings in Washington.
It has downgraded its outlook for South African economic growth, lowering its 2022 forecast to 2.1% from 2.3% in July and to a limp 1.1% for 2023 from 1.4% previously.
