International Monetary Fund projects that SA's economy will only see 0.1% growth this year
Drama/Umdlalo womoya · UKHOZI FM
March 23, 20236m 57s
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Show Notes
The International Monetary Fund (IMF) says the South African economy will only grow by a projected 0.1% this year. It expects weak growth due to load-shedding, as well as the weaker commodity prices and external environment. However, the IMF expects growth to rebound in the medium term, although only to about 1.5% per year, with income per capita likely to stagnate. Sakina Kamwendo spoke to Waldo Krugell is a Professor in Economics at the North-West University.