In the face of lower growth projected in sub-Saharan Africa, SA is set to grow its GDP moderately in 2017 despite the global economic recovery. The International Monetary Fund (IMF) forecasts 0.8% growth for SA citing a rebound in commodity prices, the dissipation of the drought and the expansions of electricity capacity. The IMF’s World Economic Outlook (WEO), released on Tuesday, raised its projection for global growth in 2017 to 3.5%, up from 3.4%. While the fund said its forecasts for 2017 and 2018 were broadly based, growth in many advanced economies and commodity exporters was expected to continue to struggle.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.