iBusiness
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance
No Result
View All Result
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance
No Result
View All Result
iBusiness
No Result
View All Result
Home Economy

IMF’s 2020 Projected GDP for South Africa

iBusiness Staff by iBusiness Staff
January 22, 2020
in Economy, Top News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

A down growth has been projected by the IMF (International Monetary Fund) for South Africa. The IMF on South Africa’s performance pointed out structural constraints and deteriorating public finances as one of the biggest factors affecting the growth of the county.

“Structural constraints and deteriorating public finances are holding back business confidence and private investment” – said IMF on the released World Economic Outlook statement for January 2020.

The SA’s projected GDP by IMF was 1.1% in October’s WEO (World Economic Outlook) projections, however, on the WEO published by IMF on Monday revised SA’s growth down by 0.3% bringing the economic forecast down to 0.8%. However, the IMF indicated that global growth is projected to rise from 2.9% projected in 2019 to 3.3% in 2020 and 3.4 for 2021.  “A downward revision of 0.1 percentage point for 2019 and 2020 and 0.2 for 2021 compared to those in the October World Economic Outlook (WEO)”

“In the third quarter of 2019, growth across emerging market economies (including India, Mexico, and South Africa) was weaker than expected at the time of the October WEO, largely due to country-specific shocks weighing on domestic demand.

Even though the projected prospects are negatively impacted in South Africa, growth is still expected to strengthen to 3.5 % (from 3.3% in 2019) in sub-Saharan Africa for 2020-21. IMF indicated that the global growth trajectory sees a sharp decrease especially for underperforming and stressed emerging markets and developing economies and this includes Brazil, India, Mexico, Russia, and Turkey.

Due to downward revisions by the IMF for the US, euro area and the UK, and downgrades in Asia (Hong Kong), growth is projected to stabilize at 1.6 in 2020-21.

“In the United States, growth is expected to moderate from 2.3 percent in 2019 to 2 percent in 2020 and decline further to 1.7 percent in 2021 (0.1 percentage point lower for 2020 compared to the October WEO).

“Growth in the euro area is projected to pick up from 1.2 percent in 2019 to 1.3 percent in 2020 (a downward revision of 0.1 percentage point) and 1.4 percent in 2021

“Growth in the euro area is projected to pick up from 1.2 percent in 2019 to 1.3 percent in 2020 (a downward revision of 0.1 percentage point) and 1.4 percent in 2021

“Japan’s growth rate is projected to moderate from an estimated 1 percent in 2019 to 0.7 percent in 2020 (0.1 and 0.2 percentage point higher than in the October WEO)” IMF said on a WEO statement released on Monday.

About the IMF (International Monetary Fund)

IMF was established in 1944 and created in 1945, and it’s able to lend up to US$1 trillion to its member countries of the organization. The IMF is an organization of 189 member countries globally that ensures the stability of the international monetary system (This is exchange rates and international payments systems that enable countries and their citizens to be able to transact with each other). It promotes high employment and sustainable economic growth and ensures that poverty is reduced across the world. IMF offers a 0% interest rate on loans to underperforming countries. IMF keeps track of the global economy and the economies of member countries and gives practical help and lend money to countries facing difficulties.

 

 

Tags: IMF
iBusiness Staff

iBusiness Staff

Related Posts

Economy

Kganyago Announces A 25 Bp Repo Rate Hike

March 24, 2022
Economy

SARB Expected To Increase Repo Rate

March 22, 2022
The Effect Of Various New Exchanges In The South African Financial Markets
Economy

Powell Ramps up Fight Against Inflation | BoE Interest Rate Decision

March 17, 2022
Next Post

Lotto Results: Wednesday, 22 January 2020

‘Eskom employee arrested for cable theft’

‘Eskom employee arrested for cable theft’

Powerball Results for Friday, 24 January 2020

Powerball Results - Friday, 24 January 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Daily Lotto Results: Sunday, 19 December 2021

6 months ago
Powerball and Powerball Plus Results 10 January 2020

Powerball Results for Friday, 10 January 2020

2 years ago

SASSA SRD R350 Grants extended for a further 3 months

1 year ago
MTN, Vodacom, Telkom and Cell C http injector

MTN, Vodacom, Telkom and Cell C http injector .ehi/l files

2 years ago

Topics

#business #businessnews #Corruption #covid-19 #Covid19 #currentaffairs #DailyLotto #daily lotto results #DailyMarketWrap #Economy #equitymarkets #finance #Financialmarkets #FSCA #funding #Globalmarkets #Inflation #investments #JSE #loadshedding #lockdown #lotto #lottoresults #marketnews #personalfinance #petrolpricehike #powerball #powercuts #Sassa #Sassacares #Sassa grants #SouthAfrica #stockmarket business Coronavirus in South Africa daily lotto results daily lotto winning numbers Data Bundles Eskom Finances Life Insurance Load-Shedding lotto winning numbers SASSA News Visa
No Result
View All Result

Highlights

Daily Lotto Results: Monday, 27 June 2022

See the Binnelanders Teasers for July 2022

Missing out on the drama? See Scandal! Teasers for July 2022

Don’t miss the Elif 3 Teasers for July 2022

The unpredictable Droomverlore continues, see Teasers for July 2022

Haunted by the end of Durban Gen, see Teasers for July 2022

Trending

SA Daily Lotto

Daily Lotto Results: Thursday, 30 June 2022

by iBusiness Staff
June 30, 2022
0

Are you ready for tonight’s daily results for Thursday, 30 June 2022. The winning numbers will be...

Daily Lotto Results: Tuesday, 28 June 2022

June 28, 2022
Powerball Results

Powerball and Powerball plus results, Tuesday 28 June 2022

June 28, 2022

Daily Lotto Results: Monday, 27 June 2022

June 27, 2022

See the Binnelanders Teasers for July 2022

June 22, 2022
ADVERTISEMENT

iBusiness




iBusiness is a fully packaged business portal, that aims to add as much important information as possible. It is a business portal website – and the “i” in iBusiness doesn't necessarily stand for anything but can represent the innovative ideas spread across the website.





  • Disclaimer
  • Cookie Policy
  • About
  • Contact
  • Terms and Conditions
  • Privacy Policy
  • Economic Calendar

© 2021 iBusiness.co.za - Designed for Business News

No Result
View All Result
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance

© 2021 iBusiness is a fully packaged business portal, that aims to add as much important information as possible. It is a business portal website – and the “i” in iBusiness doesn't necessarily stand for anything but can represent the innovative ideas spread across the website.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.