JOSHUA NOTT: Faster renewables transition will boost SA and UK
Big increase in power cuts is holding back this country’s economic potential, the IMF says
17 April 2023 - 05:00
In its latest analysis of the world’s economy the IMF, the 78-year-old Bretton Woods brainchild, released a sobering prognosis. The IMF’s practitioners expect a “broad-based and sharper-than-expected slowdown” for 2023, making this year the weakest global growth profile since 2001.
While US President Joe Biden and UK Prime Minister Rishi Sunak gathered to celebrate the 25th anniversary of the Good Friday agreement, British business converged in mourning over the 0.3% contraction of the UK economy and its crowning as the worst-performing economy among the G7 nations...
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