Document Description
Print
 
Economic Prospects

Date: 2013 - 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 2013
   

At 2.4%, our revised forecast is that real GDP growth in 2012 may be slightly better than the 2.2% forecast three months ago. For 2013, the growth forecast has remained unchanged at 2.6%. However, the composition of growth is expected to be somewhat different than previously thought. Most notably, the downward revision to consumer spending for 2013 (from 3.4 to 3%) was counteracted by a significant upward revision to fixed investment (from 3.6 to 5.3%). For 2014, we have downscaled the GDP growth forecast to 3.6% from 3.8%. This mainly reflects the combination of softer consumer spending growth and a less robust increase for inventories.

   
Size: 1373KB
   
Download:
   
Please note: Only registered BER MACRO clients / subscribers can download this document. You need to login in order to download this document. Go to our HOME page to login. Should you experience any difficulty to log in, please contact Celeste Booysen (tel: 021 - 887 2810).