19-January-2022
Economy News
 
South African economy likely to revert to pre-pandemic levels in 2022: World Bank
14-Jan-2022

South Africa’s economy is likely to grow by 2.1 per cent in 2022, reverting to where it was before the COVID-19 pandemic began in 2020, the World Bank has forecast, but warned that constraints on long-term growth, large-scale unemployment and inequalities still persisted. “Growth in South Africa is forecast to revert to its pre-pandemic trend, with the economy projected to grow by 2.1 per cent in 2022 and 1.5 per cent in 2023,” the Global Economic Prospects report, which was released on Wednesday said, citing improved control over virus outbreaks along with more widespread vaccinations as the main reasons for the improved projection.

News Source:- https://www.financialexpress.com/economy/south-african-economy-likely-to-revert-to-pre-pandemic-levels-in-2022-world-bank/2405921/