IMF slashes SA’s GDP growth forecasts, spelling trouble for Ramaphosa
The fund highlighted strikes, energy supply issues and weak agricultural production, as reasons for cut
23 July 2019 - 16:19
The International Monetary Fund (IMF) has slashed its growth forecast for SA for 2019 and 2020 spelling trouble for President Cyril Ramaphosa, who came to power on a ticket of reform and economic growth.
The fund cut its GDP growth forecasts to 0.7% for 2019 from 1.2% previously, and 1.1% for 2020 from 1.5%. This followed significant revisions in April brought about by policy and political uncertainty ahead of the elections...
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.