{"id":77683,"date":"2015-01-20T08:47:59","date_gmt":"2015-01-20T06:47:59","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=77683"},"modified":"2015-01-20T09:13:36","modified_gmt":"2015-01-20T07:13:36","slug":"imf-lowers-sa-economic-growth-forecast","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/77683\/imf-lowers-sa-economic-growth-forecast\/","title":{"rendered":"IMF lowers SA economic growth forecast"},"content":{"rendered":"<p class=\"BodyP\">The International Monetary Fund has dropped its forecast for South Africa&#8217;s economic growth in 2015 to 2.1 percent, according to Wednesday&#8217;s Business Report.<\/p>\n<p class=\"BodyP\">This is a decrease of 0.2% from the IMF&#8217;s October 2014 forecast.<\/p>\n<p class=\"BodyP\">The forecast for local growth for next year was also reduced to 2.5%, down by 0.3%, according to the report.<\/p>\n<p class=\"BodyP\">The RMB Global Market Research said its outlook on South Africa remained bearish.<\/p>\n<p class=\"BodyP\">&#8220;While the oil price will provide a much-needed reprieve in the short term, export prices remain depressed,&#8221; the organisation was quoted as saying.<\/p>\n<p class=\"BodyP\">It said structural constraints on electricity supply, transport infrastructure and labour productivity would continue to plague the economy for the foreseeable future.<\/p>\n<p class=\"BodyP\">The global lender also lowered forecast growth for South Africa&#8217;s biggest trading partner, China, to below seven percent, according to the report.<\/p>\n<h3 class=\"BodyP\">More on South Africa<\/h3>\n<p><a title=\"SA economy \u2018fragile': Index\" href=\"http:\/\/businesstech.co.za\/news\/banking\/75642\/sa-economy-fragile-index\/\"><strong>SA economy \u2018fragile&#8217;: Index<\/strong><\/a><\/p>\n<p><a title=\"SA economy narrowly avoids recession\" href=\"http:\/\/businesstech.co.za\/news\/general\/66748\/sa-economy-narrowly-avoids-recession\/\"><strong>SA economy narrowly avoids recession<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund has dropped its forecast for South Africa&#8217;s economic growth in 2015 to 2.1 percent, according to Wednesday&#8217;s Business Report.<\/p>\n","protected":false},"author":4,"featured_media":48633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,2722],"class_list":["post-77683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-imf"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/77683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=77683"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/77683\/revisions"}],"predecessor-version":[{"id":77685,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/77683\/revisions\/77685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/48633"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=77683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=77683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=77683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}