Statistics Act, 1999
R 385
Budget Speech 2022Economic Outlook |
Global outlook
The world economy is expected to grow by 4.4 per cent this year. This is lower than the 4.9 per cent we anticipated when tabling the MTBPS.
The Omicron variant of the coronavirus caused many countries to impose restrictions to manage its spread.
In addition, continued imbalances in global value chains have limited the pace of the world’s economic recovery.
