Economy News Headlines - Yahoo! News: S.Africa sees lower growth, wider budget gap as revenue wanes

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

S.Africa sees lower growth, wider budget gap as revenue wanes Feb 27th 2013, 13:40 CAPE TOWN (Reuters) - South Africa cut its 2013 economic growth forecast due to subdued demand from export markets and projected a slightly wider budget deficit than previously forecast because of revenue collection undershooting targets. In his three-year budget tabled to parliament on Wednesday, Finance Minister Pravin Gordhan said the budget gap for the financial year beginning in April would widen slightly to 4.6 percent of GDP from the 4.5 percent forecast in October last year. However, the deficit is slightly narrower than the 4. ... Media files: 2013-02-27T135356Z_1_AJOE91Q12LY00_RTROPTP_2_OZABS-SAFRICA-ECONOMY-20130227.JPG (image/jpeg)

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