IMF revises SA's growth outlook up to 5% | Fin24

The IMF has revised the global growth outlook lower to from 6% to 5.9%.The multilateral institution on Tuesday released its World Economic Outlook report for October 2021.

The outlook for low-income developing countries has also worsened due to the pandemic, and advanced economy groups will also be feeling the impact of supply chain disruptions. It noted that global recovery in the labour market still lags that of output recovery. The recovery path for output levels also differs across advanced and emerging market economies. For example, advanced economies can regain their pre-pandemic trend path in 2022, but emerging markets and developing economies - excluding China - will continue to lag into 2024.

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