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Fitch Boosts Growth Forecast to 5.3%, Cuts Debt to 79.3%

SOUTH AFRICA
  • FITCH SEES S. AFRICA BUDGET GAP SMALLER THAN FEB. PROJECTION
  • FITCH RAISES S. AFRICA 2021 GDP GROWTH EST. TO 5.3% FROM 4.9%
  • FITCH SEES S. AFRICA 2020-21 DEBT AT 79.3% OF GDP; PVS 82.5%
  • These revised GDP and debt figures largely reflect the recent GDP rebasing - easing fiscal and growth pressures on the SA outlook somewhat
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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