Tuesday, April 27, 2010

IMF Predicts Greater Rise in 2010 Economic Growth for South Africa

The International Monetary Fund is increasing its forecast for South Africa's 2010 economic growth from its October estimate of 1.7% to a new estimate of 2.6%.

The IMF's latest estimate is above official forecasts for growth of 2,3% this year, but just below market consensus, which sees the economy expanding 2,9%.

It sees the world economy growing 4,2% this year, revised up from 3,9% in January. Emerging giants China and India are leading the recovery from the worst global recession in six decades.

South Africa: IMF Sees SA Bouncing Back With 2,6 Percent Growth
Business Day
April 22, 2010