Growth On The Path To Recovery?

September 2009
Africa Monitor: Southern Africa;Sep2009, Vol. 14 Issue 9, p1
Country Report
The article presents an outlook on the economic condition of South Africa for 2009. The research firm Business Monitor International Ltd. expects the 1.9% of full year real gross domestic product (GDP) recession for the country due to decline in consumer spending and a considerable slump in export expansion. It mentions that the ongoing high debt levels and inflation will significantly affect consumer spending despite of aggressive interest cuts by the South African Reserve Bank.


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