ISAAH MHLANGA: Growth forecasts for world economy revised lower and lower
28 July 2022 - 17:57
The global economic outlook has deteriorated significantly since Russia invaded Ukraine. Growth forecasts have been revised lower with each iteration, while inflation has been revised up.
In a rare occurrence, the IMF has revised SA’s growth forecast for 2022 upward. Still, the outlook for 2023 remains uncertain due to a multitude of risks whose materialisation looks more likely now compared to two months ago...
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