Off the wire
• Xinhua summary of Asia-Pacific stocks news at 1100 GMT, Jan. 20  • Roundup: Philippine stocks decline on bad news  • Singapore's public housing board to continue having high deficit in next few years: minister  • President Xi to attend opening ceremony of 2015 Boao Forum  • Reports on Chinese nationals trapped in Myanmar "not true": spokeswoman  • Chinese premier, Afghan chief executive exchange congratulations on anniversary of ties  • Chinese, Afghan presidents exchange congratulatory messages on ties  • Roundup: Nikkei surges 2.07 pct on yen's weakness, hopes for ECB stimulus measures  • 1st LD Writethru: Japan vows to resolve hostage crisis  • Foreign exchange rates in Singapore  
You are here: 　 Home

IMF lowers S. Africa's 2015 growth forecast

Xinhua, January 20, 2015 Adjust font size:

The International Monetary Fund (IMF) has lowered South Africa's growth forecast for 2015 to 2.1 percent, according to an IMF report released Tuesday.

This is a 0.2 percent decrease from the IMF's Oct. 2014 forecast for 2015.

The latest forecast reflects structural constraints on electricity supply, transport infrastructure and labor productivity which would continue to plague the economy in the foreseeable future, said the report.

The IMF also cut the country's 2016 growth forecast to 2.5 percent, down by 0.3 percent.

The 2015 projection for sub-Saharan Africa, meanwhile, was reduced to 4.9 percent for 2015 and 5.2 percent for 2016. Endi