The adjustment for 2021 is a 1 percentage point increase from the IMF’s July forecast for SA
The International Monetary Fund has raised its forecast for SA’s growth prospects, even as it has warned that the world’s uneven economic recovery is threatened by a prolonged coronavirus pandemic, as well as other underlying fault lines such as climate change.
In its latest World Economic Outlook the multilateral financier bumped up SA’s projected growth rate to 5% during 2021 while retaining its expectations for growth of 2.2% in 2022...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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