Finweek English Edition - - THE WEEK -

The In­ter­na­tional Mone­tary Fund (IMF) has cut its global growth out­look by 0.2 per­cent­age points to 3.2%, say­ing the “in­creas­ingly dis­ap­point­ing” world econ­omy was in­creas­ingly vul­ner­a­ble to fur­ther down­side risks, in­clud­ing fur­ther mar­ket tur­moil. South Africa’s growth out­look for the year was cut to 0.6% from 0.7%, and to 1.2% from 1.8% for 2017. The IMF said poli­cies to pro­mote pri­vate sec­tor-driven in­clu­sive growth are more im­por­tant than ever in SA, as fis­cal and mone­tary pol­icy is on a tight­en­ing course, Busi­ness Day re­ported. The Fund is fore­cast­ing global growth of 3.5% next year.

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