First Take SA

IMF cuts SA's economic growth forecast


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The International Monetary Fund, IMF has cut its economic-growth forecasts for South Africa. The IMF has cited the country's energy crisis and logistical challenges at its ports and railways. In its World Economic Outlook released yesterday, the Washington-based lender says South Africa will likely grow by a meager 1% this year. For more on this, Elvis Presslin spoke to Frank Blackmore, Lead Economist at KPMG South Africa

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