ISAAH MHLANGA: Growth forecasts for world economy revised lower and lower
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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