World Bank slashes SA growth forecast
'This recovery prospect will remain fragile unless SA succeeds in bending the curve of productivity'
The World Bank has halved its growth outlook for SA and has flagged dwindling productivity as a major threat to growth. Speaking at the presentation of the World Bank's 10th edition of the SA Economic Update on Tuesday‚ Sebastien Dessus‚ the World Bank programme leader said the bank had revised growth down to 0.6% for 2017. In January‚ the World Bank forecast GDP growth of 1.1%.