Risks are aplenty even as IMF bumps up SA’s 2021 growth forecast
The IMF has raised its forecast for SA’s GDP growth in 2021 by a percentage point even as it pointed to risks to the global economy — not least higher global interest rates as faster inflation persists — that could see the momentum stall. However, the “great vaccine divide” and large disparities in policy support have led to what the IMF deems a “dangerous divergence” in economic prospects.