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IMF lowers SA's growth for 2017

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(iStock)
(iStock)

Cape Town – The International Monetary Fund (IMF) predicts that South Africa’s GDP will grow only marginally at 0.8% in 2017 - lower than the 1% forecast in July. 

In its latest World Economic Outlook report, the IMF retained its 2016 projection at 0.1% and said policy uncertainty in the country complicates the adjustment to weaker terms of trade. 

READ: IMF cuts SA growth projection, adding to economic turmoil

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