After several decades of calm, the global economy was hit by two massive crises in the space of 12 years: the 2008 Global Financial Crisis (GFC), and Covid-19. As the world now exits the pandemic (unevenly), it is worth comparing this recovery phase with the early post-financial crisis period.
The world is experiencing a phase of rapid economic expansion as the vaccine-aided reopening of economies is supported by substantial fiscal and monetary support, particularly in the US and other rich nations. If the 6% global growth forecast of the International Monetary Fund (IMF) is realised, it will be the best year in decades.
It’s not easy being an optimist in South Africa. As soon as you think things are improving, something comes along to shake your confidence. This happens almost daily. No wonder many people take a position of permanent pessimism. That way they are less likely to be disappointed.
Government welcomes the International Monetary Fund’s (IMF) revised upward growth outlook for South Africa from 2,8% to 3,1% for 2021. "The upgrade to South Africa's growth outlook affirms the robustness of our economy and positive economic interventions despite tough conditions," the Presidency said this evening in a statement.
An International Monetary Fund (IMF) team led by Ana Lucía Coronel visited South Africa during November 6-21, 2019 to conduct its regular Article IV consultation activities. Discussions focused on the economic performance and outlook; policies to strengthen economic stability; and reforms to reinvigorate private investment, growth, and job creation. Main findings of the IMF as...
Following President Cyril Ramaphosa’s election, there is a sense of cautious optimism about economic prospects as the new government formulates its policy agenda. This is the view of Ana Lucía Coronel who led an International Monetary Fund (IMF) mission to South Africa from May 27 to June 3, 2019.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za