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IMF paints gloomy picture of S. African economy

 

Growth and job creation in South Africa remain lacklustre, however external vulnerability has declined somewhat, the International Monetary Fund (IMF) said on Tuesday.

Downside risks to the growth forecast for South Africa include electricity shortages, regulatory uncertainties, renewed labour tensions, volatility in global financial markets and slower global growth, the IMF said in a report.

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IMF South Africa