imf gives sa gloomy forecast

THE IMF dismissed speculation about a South African recession yesterday, but published a pessimistic growth forecast than Trevor Manuel's February budget outlook.

THE IMF dismissed speculation about a South African recession yesterday, but published a pessimistic growth forecast than Trevor Manuel's February budget outlook.

The IMF downgraded the growth outlook for the global economy to 3,7percent of world output this year and predicted a mind recession in the US . - Staff Reporter

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