South Africa’s economy is forecast to tick up to 1.1% in 2018 from 0.8% in 2017, according to new data published by the World Bank.
“The recovery is expected to solidify, as improving business sentiment supports a modest rise in investment. However, policy uncertainty is likely to remain and could slow needed structural reforms,” the bank said in its annual global economic outlook for 2018.
South Africa’s gross domestic product (GDP) rose by 2% in the third quarter of 2017, following an increase of 2.8% in the second quarter, StatsSA said in early December.
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