IMF warns global medium-term outlook weakest in decades
The fund has further cut the 2024 growth number, which it now sees at just 0.9%, lower than the Reserve Bank’s latest 1.2% forecast
16 April 2024 - 15:29
The IMF has kept its growth forecasts for SA and for the global economy broadly unchanged, saying the risk of a hard landing for the global economy has faded — but medium-term prospects are the weakest in decades.
It warns that commodity prices could slide further, with slowing growth in China and Europe weighing on non-fuel commodities such as base metals...
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