IMF: Education reform key to get SA out of growth slump

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Cape Town – The International Monetary Fund (IMF) said broad-based reforms to education are needed to boost growth in South Africa, which it predicts will remain below 1% in 2017.

Oya Celasun, deputy division chief at the IMF, said that in 2016 South Africa’s growth “was stuck in low gear” and that 2017 will “improve somewhat … to a still-weak pace of recovery of 0.8% and then improve a bit further” to 1.6% in 2018.

She was speaking at a press briefing on the update of the IMF’s world economic outlook on Monday in Washington, DC.

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