The International Monetary Fund IMF has forecast global economic growth of 3.5 percent this year and 3.6 percent for the year 2018. The IMF says the world economy is making steady progress as it recovers from the financial crisis which happened under a year ago. It has raised its predicted growth for many Euro-zone countries but lowered it for the US. The IMF's forecast for South Africa remains bleak at 1 to 1.2 per cent, despite a slight uptick. Chief Economist at Pan African Capital Holdings, Dr Iraj Abedian gave us his perspective on the issue.
