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Global growth outlook grim, according to World Bank

SA expected to underperform emerging markets.

The World Bank has cut its forecast for the global economy citing slowing growth in trade and investments and rising interest, with South Africa expected to lag behind other emerging markets. 

Lullu Krugel, chief economist at PwC, says this is not good news for South Africa and that the country needs growth of at least 1.5% to just keep up with population growth. She talks to Classic Business Breakfast with Moneyweb about this means local markets. 

Read: World Bank cuts global growth outlook as trade expansion falters

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