View For Consumer-Led Recovery Playing Out

August 2011
Africa Monitor: Southern Africa;Aug2011, Vol. 16 Issue 8, p1
Country Report
The article presents the economic forecast of Business Monitor International (BMI) Ltd. for South Africa, in which strong economic recovery is driven by household consumption that is supported by government spending. Based on the data of the South African Reserve Bank (SARB), real gross domestic product has increased by 4.8% quarter by quarter on a seasonally adjusted and annualised (SAA) basis. It notes that as interest rate increases, disposable income for many consumers will be reduced.


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