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Economic Review of the Eastern Cape 2022Q3

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Published - 01 Feb 2023

Category:

Statistical Analysis: Reports and Data

Editor:

ECSECC

Author:

Andiswa Mbali & Dr. Kambale Kavese

Publisher:

ECSECC

ISBN:

978-1-77593-136-2

According to the IMF October World Economic Outlook (WEO) update, global growth is forecasted to slowdown from 6.0% in 2021 to 3.2% in 2022 and to 2.7% in 2023. This is a downward revision of 0.2 of a percentage point for 2023 projection from the July WEO update.