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The IMF expects 1% growth this year against Treasury's 1.6%, and next Wednesday's mini-budget will show how much of the tax take still rests on gold and platinum prices.
The initiative comes as Thailand’s efforts to crack down on scam operations have uncovered sophisticated ways in which proceeds of cyber fraud become a major part of broader illicit financial flow, Vitai said.
Meanwhile, US debt is heading into unprecedented territory, one of the key reasons behind a surge in long-term borrowing costs that has raised alarm bells globally.
The IMF credits the AI building boom with keeping global growth above 3%, and Tencent's latest bond sale shows what that boom looks like inside one company.
After starting the year with a much more positive outlook for the economy, the IMF says the picture for South Africa has dimmed significantly since then.
Businesses 'have continued to adjust to repeated shocks' while markets — buoyed by an exuberant tech industry — have taken a 'broadly benign view of the challenges,' the IMF said.