IMF trims SA's 2010 GDP forecast

Wednesday, December 08, 2010

The International Monetary Fund (IMF) has trimmed South Africa's growth forecast for this year to below 3% and expects expansion of 3,5% in 2011, African department division chief Abebe Aemro Selassie said on Friday.

"Our forecast six months ago was about 3 percent, with quarter three (third quarter) numbers coming in lower than we expected. I think some downside is possible with growth (now seen at) around 2,9 percent to 2,8 percent, a sliver below the 3%," he told Reuters in an interview.

South Africa's economy grew by a lower-than expected 2,6% in the third quarter, from a downwardly revised 2,8 percent in the second quarter.

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IMF trims SA's 2010 GDP forecast

The International Monetary Fund (IMF) has trimmed South Africa's growth forecast for this year to below 3% and expects expansion of 3,5% in 2011, African department division chief Abebe Aemro Selassie said on Friday.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply