After a decade of low growth and deepening poverty, South Africans are looking for signs of progress, according to President Cyril Ramaphosa. He pledged “concrete things” to rebuild confidence in the economy. This year, the economy will record growth lower than expected, Ramaphosa said. The GDP growth forecast for 2019 has been revised by the National Treasury to 1.5 percent, from an estimated 1.7 percent in 2018. “Much of the confidence that the country had 20 months ago has dissipated as the reality of the problems we face became clearer,” Ramaphosa said in his first weekly message. Also on rt.com
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