IMF cuts SA growth forecast for 2022
Revision is the latest to point to the cost of violence and looting in July 2021
25 January 2022 - 20:38
The IMF cut SA’s growth forecast for 2022 slightly, citing “a softer-than-forecast” second half of 2021 and a subdued outlook for business investment.
While the forecast change is hardly a game-changer and leaves the fund’s projections not far from those of the government, which expects GDP to average less than 2% over the next three years after a strong rebound from a slump in 2020 that was the biggest in a century, it’s the latest to point to the cost of the violence and looting that engulfed the country in July 2021...
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