IMF cuts SA's 2018 and 2019 growth forecasts
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The International Monetary Fund warns that the global economy is becoming somewhat stagnant forcing the organisation to cut its global growth forecast for the first time in over two years meanwhile the IMF has again revised downwards South Africa's growth forecast for this year and next year, to 0.8% and 1.4% respectively well below the region's average of 3.1% and 3.8% with the IMF stressing the need for reforms to improve policy certainty and SOE eficiency to turn the tide slightly, Montfort Mlachila, IMF Senior Resident Representative in SA joined Business Day TV on the line with more.