# The International Monetary Fund has cut South Africa’s projected gross domestic product growth for this year to just one-percent, citing the conflict in the Middle East. Before the outbreak of the conflict, the IMF’s forecast for the country was 1.4-percent. South Africa relies heavily on fuel imports, including from countries unable to trade as a result of the ongoing disruption to shipping in the Strait of Hormuz. The projected growth for the country is the lowest among emerging markets and developing economies.
IMF cuts South Africa’s growth outlook amid the Middle East conflict