World Bank Cuts South Africa’s Growth Forecast Over Load Shedding – Report

World bank - World Bank Cuts South Africa’s Growth Forecast Over Load Shedding – Report

The World Bank has cut its economic growth forecast for South Africa to below 1% for 2020 due to load shedding.

According to Fin24, it’s the first key institution to cut its forecast due to electricity supply concerns.

It now expects the economy to expand by 0.9% this year.

Eskom announced on Thursday morning that stage two load shedding would continue until at least 6am on Friday.

EWN

The post World Bank Cuts South Africa’s Growth Forecast Over Load Shedding – Report appeared first on iAfrica.com.

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