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Isaah Mhlanga | What the IMF's latest global growth forecasts mean for SA

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Isaah Mhlanga, chief economist at Alexander Forbes.
Isaah Mhlanga, chief economist at Alexander Forbes.

The International Monetary Fund (IMF) released its October World Economic Outlook (WEO) on Tuesday with upwardly revised global economic growth forecasts.

Global growth is now expected at -4.4%, up from -5.2% projected in its June WEO Update, largely reflecting better than expected outcomes in second quarter economic growth for advanced economies.

Upward revision to 2020 economic growth has been partially offset by downward revision to 2021 economic growth, which is now expected at 3.9% from 4.8% five months ago, reflecting the expected impact continued social distancing measures.   

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