We will be poorer in 2017

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A BLEAKER FUTURE Life for ordinary South Africans is not going to get better next year, with the IMF forecasting a 2.4% decline in wealth since 2014. Picture: Mlungisi Louw
A BLEAKER FUTURE Life for ordinary South Africans is not going to get better next year, with the IMF forecasting a 2.4% decline in wealth since 2014. Picture: Mlungisi Louw

Johannesburg - South Africa faces the prospect of an increased battle for resources, as well as greater and more explosive social unrest, as its citizens are set to become poorer for the third consecutive year.

This week, the International Monetary Fund (IMF) forecast that, on a real GDP per capita basis, the average South African would suffer in 2017 as local population growth exceeded economic growth.

This after declines in economic growth in 2015 and 2016.

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