国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

IMF lowers growth forecast for South Africa

Source: Xinhua| 2019-04-10 00:14:38|Editor: yan
Video PlayerClose

JOHANNESBURG, April 9 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday lowered its forcast for South Africa's economic growth in 2019, from 1.4 percent to 1.2 percent, citing policy and political uncertainty.

In its world economic outlook, the IMF said South Africa should prioritize eliminating wasteful expenditure on state-owned enterprises and reduce public wage bill.

"The projected recovery reflects modestly reduced but continued policy uncertainty in the South African economy after the May 2019 elections," the IMF said. "Structural reforms, particularly to product and labor markets, would foster an environment conducive to expanding private investment, job creation, and productivity growth."

It said structural bottlenecks will continue to weigh on investment and productivity, and that metal export prices are expected to remain subdued.

The IMF also called on South Africa to exercise fiscal consolidation to stabilize government debt.

It also cut its forecast for South Africa's economic growth in 2020, from 1.7 percent to 1.5 percent.

In February, the South African Reserve Bank lowered its 2019 gross domestic product growth forecast, from 1.7 percent to 1.3 percent.

The central bank's forecasts for the country's 2020 and 2021 GDP growth are 1.8 percent and 2 percent respectively.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521379634911
主站蜘蛛池模板: 文水县| 阿拉善左旗| 石城县| 和平区| 长寿区| 女性| 桐梓县| 盘锦市| 灯塔市| 桐庐县| 蓬莱市| 密云县| 百色市| 平顺县| 琼结县| 孝义市| 浦东新区| 红桥区| 容城县| 辉县市| 阜康市| 霍州市| 保康县| 时尚| 南华县| 全南县| 大庆市| 荆门市| 乾安县| 射阳县| 新和县| 吐鲁番市| 清涧县| 广安市| 柳江县| 铁力市| 万山特区| 株洲市| 和平区| 进贤县| 尼勒克县|