JOHANNESBURG (Reuters) – South Africa’s National Treasury said on Friday it was more optimistic than the International Monetary Fund on the medium-term economic growth outlook, after the IMF said it expected a “lacklustre” performance.
“The National Treasury acknowledges the difficult juncture South Africa is at,” it said in statement, adding that it believed medium-term growth would be driven by a gradual recovery in confidence and private investment.
(Reporting by Alexander Winning; Editing by Emma Rumney)
