South Africa’s economy to contract by 8%, IMF projects 3% growth in 2021
South Africa’s economy will contract by 8% in 2020, though the International Monetary Fund projects a 3% growth in the 2021 financial year in its World Economic Outlook report. The IMF’s 2021 growth forecast is 0.5% less its previous estimate released in June, and in line with projections by the Ministry of Finance. President Cyril…