IMF sees South Africa bouncing back with 2,6% growth.

THE IMF has revised upwards its forecast for South African economic growth this year and sees the economy growing at 2,6%. This is faster than its previous forecast of 1,7% made last October.

It sees the world economy growing 4,2% this year, revised up from 3,9% in January. Emerging giants China and India are leading the recovery from the worst global recession in six decades.

Growth in sub-Saharan Africa was set to quicken to 4,75% this year and 6% next year from 2% last year, the IMF said in its world economic outlook.

http://www.businessday.co.za/articles/Content.aspx?id=106887

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