ENCOURAGING SIGNS
Deutsche Bank predicts upturn in SA growth
Deutsche Bank forecasts SA’s growth slump will lift in 2017 and expects the country to record 1.4% growth
SA’s economy is set to stage a surprise recovery in 2017, despite having limped along for most of 2016. This optimistic forecast is contained in a Deutsche Bank report released on Tuesday, when the country’s third quarter GDP figures were released. Statistics SA data showed that the country had recorded 0.2% economic growth in the third quarter. But Deutsche Bank forecasts that SA’s growth slump will lift in 2017 and expects the country to record 1.4% growth. The third quarter growth figure came in lower than the 0.5% that was forecast. Weak demand in manufacturing, and suppressed activity in mining and agriculture, led to the disappointing third quarter growth number.
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