OECD more pessimistic about global growth as it cuts forecast for SA
Additional monetary policy tightening is required to lower inflation, says Paris-based organisation
26 September 2022 - 18:59
UPDATED 26 September 2022 - 22:53
The Paris-based Organisation for Economic Co-operation and Development (OECD) has revised lower its prediction for SA’s GDP and overall global growth forecasts as indicators point to stagnating output and falling consumer confidence, reaching levels last seen more than three decades ago.
The OECD downgraded SA’s GDP outlook for 2022 and 2023 to 1.7% and 1.1%, respectively...
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