SA languishes among also-rans despite escaping IMF downgrade
Higher commodity prices help country evade a lowering of its GDP growth forecasts
19 April 2022 - 20:56
Higher commodity prices helped SA escape a downgrade of its GDP growth forecasts by the IMF for the next two years, though it is still entrenched among underperformers.
In its latest global economic outlook report on Tuesday showed the IMF has revised downwards its outlook for most countries and regions due to the shock from the Russian invasion of Ukraine, which has boosted oil and food prices. The exception was commodity exporters supplying energy and food...
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