JOHANNESBURG, July 23 (Reuters) – South Africa’s economic
growth this year is likely to miss the government’s current
forecast of 2.7 percent, Finance Minister Pravin Gordhan said on
Monday.
“We don’t know what the precise numbers are but certainly
the current indications are that growth is likely to be below
2.7 percent,” Gordhan told Reuters on the sidelines of a
conference.
The central bank on Thursday trimmed its growth forecast to
2.7 percent from 2.9 percent, in line with the National
Treasury, but warned that the risks to the forecasts were on the
downside if there was more widespread global downturn.
(Reporting by Xola Potelwa; Editing by Ed Cropley)
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