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Analysis – IMF slashes SA’s 2024 GDP growth rate

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Despite efforts by the South African (SA) government to address its economic challenges, economists say that the latest report by the International Monetary Fund, which saw it slashing the 2024 GDP growth rate, paints a bleak picture for the country. This is according to Don Consultancy Group's Chief Economist, Chifi Mhango. In the report released recently, the IMF projected the global GDP growth rate to hold steady at 3.2 % with inflation averaging 2-point-8 percent. For more on the report, Thami Ngubeni spoke to Chifi Mhango

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