George Glynos, MD of ETM Analytics, discusses latest inflation and retail sales data and measures National Treasury may unveil this week to boost the economy BUSINESS DAY TV: Two sets of economic data out today (Wednesday, October 19) confirm that the economy is barely stuttering along while inflation is back out of range. Retail sales grew by a paltry 0.2% in the year to August while inflation breached the 6% upper target limit in September. George Glynos, MD of ETM Analytics joins us on News Leader to discuss where this leaves Finance Minister Pravin Gordhan as he prepares to release his Medium-Term Budget review next week. George...I suppose really confirming what we already knew, the economy isn’t growing at any pace whatsoever, and it follows manufacturing and mining data for August which were also pretty dismal. So after that 3.3% growth in the second quarter the third quarter doesn’t look very positive. GEORGE GLYNOS: No and that’s probably why we’re looking at such weak grow...
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