South Africa: Global slowdown would hit SA hard, says IMF

Sub-Saharan Africa's economy is expected to grow by 5.25 per cent in 2011, but if global growth slows, South Africa will be particularly hard hit, the International Monetary Fund (IMF) said on Wednesday. The IMF predicted that the region's economy would grow 5.75 per cent in 2012. South Africa, a middle-income country with slower growth compared to the regional average, had yet to see its output and employment return to pre-crisis levels.