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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Sunita Menon.]

Less than a month before  the general election, the IMF has taken a grim view on SA’s growth outlook.

The Washington-based lender cut growth forecasts to 1.2% for 2019 from 1.4% and 1.5% for 2020 from 1.7%. It kept growth forecasts unchanged in January, but had revised down significantly in October 2018.

This is below the Treasury’s forecast of 1.5% for 2019 and the Reserve Bank’s projection of 1.6%.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.4% y/y in April 2019 (CPI) & +6.5 y/y in April 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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