Fitch lifts economic growth forecast for SA to 4.3%
Ratings agency expects interest rates to remain on hold this year with inflation moderate and at 4.4% in final month
18 March 2021 - 17:28
Fitch Ratings, which downgraded SA further into junk status in November, says the country’s economy will expand 4.3% in 2021 and 2.5% in 2022 as it continues on a path of moderate recovery from the Covid-19 pandemic.
The ratings agency, which has a BB- sovereign rating on SA’s debt with a negative outlook, lifted its economic growth forecast from a previous estimate of 3.6% last mentioned when it issued a note after finance minister Tito Mboweni’s budget speech on February 24...
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.