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World Economic Forum opens in Davos

The International Monetary Fund has lowered its growth forecasts for South Africa in 2020 and 2021.
Its citing electricity challenges, the slow pace of structural reforms and deteriorating public finances.
The IMF now projects growth of zero-point-eight per cent this year and one-point-two per cent for 2021.
This emerged from a media briefing ahead of the World Economic Forum, which officially opened in Davos, Switzerland, Monday night.
At the same time the WEF has released its Social Mobility Report that revealed why economies will benefit from fixing inequality.

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