The World Bank has released its 11th edition of the SA Economic Update and lifted the country’s GDP forecast to 1.4%, up from its September forecast of 1.1%. However, the lender has also warned that the country still needs policy interventions to stimulate competition and create the fiscal space to eventually build a skilled labour force in this modest growth environment. World Bank senior economist Marek Hanusch spoke to Business Day TV about the economic update. OR LISTEN TO THE AUDIO:

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