Treasury revises GDP forecasts down amid global headwinds and more load-shedding
Many of the risks we outlined in the February 2022 budget speech have materialised, Godongwana says
26 October 2022 - 14:40
The National Treasury has revised downwards its GDP projections for the country, citing a softer global economic outlook, the weak trade balance, protracted power outages and higher inflation.
Finance minister Enoch Godongwana presented his medium-term budget policy statement in parliament on Wednesday, where he said “many of the risks we outlined in the February 2022 budget speech have materialised”...
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