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IMF keeps its growth forecast for South Africa stagnant

# The International Monetary Fund’s growth forecasts for South Africa remain unchanged, while projections for global growth have lifted. In April, the IMF reduced the country’s forecast from the 1.5-percent projection in January to just 1.0-percent. In its latest World Economic Outlook, the IMF maintains that South Africa will only see an increase of one-percent this year and 1.3-percent in 2026. Meanwhile, the latest update sees global gross domestic product output this year lifting to around three-percent, up from the 2.8-percent forecast back in April.