IMF lifts SA growth slightly due to fewer power cuts
Growth forecast raised to 0.9% as SA heads towards key medium-term budget in November
10 October 2023 - 13:55
The IMF has lifted its SA growth projections for 2023 from 0.6% in its July estimates to 0.9%, citing lower-than-expected load-shedding in the second quarter.
The growth projections for Africa’s most developed country, however, lag behind the international lender’s projections for its peers in Sub-Saharan Africa. The region is estimated to grow by an average of 4%, with developing economies growing at 4.1% in 2023. ..
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