21-May-2026
Economy News
 
IIF Cuts South Africa 2026 Growth Forecast as Middle East Conflict Bites
20-May-2026

South Africa's improving economic outlook has been clouded by the Middle East conflict, which is pushing up energy costs and complicating monetary policy, the Institute of International Finance said on Tuesday. • The IIF cut its 2026 growth forecast to 1.3% from 1.7% previously.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-19/iif-cuts-south-africa-2026-growth-forecast-as-middle-east-conflict-bites