MARKET WRAP: JSE weakens on IMF report and looming US inflation
IMF warns that 2023 could be the worst year since 2001, apart from the 2007/2008 global financial crisis and the peak of the Covid-19 pandemic
11 October 2022 - 18:26
The JSE closed weaker while global markets were mixed as investors weighed the IMF’s gloomy outlook for the world economy and important data releases on Wednesday.
The IMF on Tuesday forecast global growth will slow to 2.7% next year, 0.2 percentage points lower than its July forecast, and anticipates that 2023 will feel like a recession for millions of people and businesses. ..
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