Economic Update South Africa Focus on Inequality of Opportunity
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A weakened global economy and dampening of consumer and business confidence are triggering a slowdown in South Africa’s growth momentum, and the forecast is a lowered growth rate of 2.5 percent for 2012 according to a new World Bank report, “South Africa Economic Update: Focus on Inequality of Opportunity” released today. The forecast is lower than the earlier, November 2011 estimate of 3.1 percent by the World Bank.
