Global and South African economies still suffering
Aug 17, 2020
2 minutes
BY DR KOOS COETZEE
![farmweekza200821_article_026_01_01](https://article-imgs.scribdassets.com/88fluthbr482a21d/images/fileNN30E1H4.jpg)
In its latest World Economic Outlook, published in June 2020, the International Monetary Fund (IMF) projects a global growth rate for 2020 of -4,9%. The COVID-19 pandemic had a larger effect than expected and the global economies will recover at a weaker rate than anticipated. The IMF expects a recovery in 2021 to 5,4%, however
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