The JSE closed weaker while global markets were mixed as investors weighed the IMF’s gloomy outlook for the world economy and important data releases on Wednesday.
The IMF on Tuesday forecast global growth will slow to 2.7% next year, 0.2 percentage points lower than its July forecast, and anticipates that 2023 will feel like a recession for millions of people and businesses. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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