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Moody's Upgrade GDP Forecast

SOUTH AFRICA
  • Moody's raise their 2022 GDP growth forecast for South Africa to 2.2%, according to Bloomberg.
  • That forecast upgrade is relative to the 1.5% growth forecast cited in the April ratings review, in which Moody's said "expects these constraints to remain and forecasts GDP growth at only about 1.5% in the medium term."

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