![]() | ![]() | |||||
| ||||||
![]() | ![]() | |||||
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”. The forecast is lower than the earlier, November 2011 estimate of 3.1 percent by the World Bank.