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World Bank lowers South Africa’s growth forecast amid low investor sentiment
The World Bank has lowered its 2019 growth forecast for South Africa to 0.8%, which is half of a percentage point below the bank’s April forecast of 1.3%. The downward revision is contained in the twentieth edition of the bank’s Africa’s Pulse publication, which has been published twice a year form the past ten years. South Africa’s growth is expected to rise to only 1% in 2020, which is 0.7 of a percentage point lower than the bank’s April forecast and climb to only 1.3% in 2021, a 0.5 percentage point downward revision from April.
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