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Economic Prospects

Date: 2012 - Quarter 1
Document Type: Economic Prospects
Description: A quarterly report, containing a detailed quarter-by-quarter forecast of the SA economy for the coming 18-24 months.
   
Title: Economic Prospects, 1st Quarter 2012
   

The specific combination of developments over the past three months mean that not enough has changed for the BER to alter the GDP growth forecast. After expanding by around 3% in 2011, growth is forecast to moderate to 2.8% during 2012, before picking up to 3.6% in 2013. The GDP growth slowdown is expected to be accompanied by higher inflation – consumer prices are forecast to average 6.3% during 2012. The combination of softer growth and higher inflation should result in the central bank keeping the repo rate at 5.5% through 2012.

   
Size: 1315KB
   
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