Absa forecasts 2.1% GDP growth in 2022
Bank says inflation probably peaked in December and could result in fewer rate hikes, while the rand may be more resilient than expected
03 February 2022 - 15:37
Absa expects SA’s economic growth to more than halve in 2022, though it says inflation has probably peaked and the rand could perform a lot better than many analysts predict despite a “tumultuous political year” ahead.
SA’s fourth-biggest bank by market value expects GDP to expand by 2.1% in 2022, down from an estimated 4.7% in 2021, according to its Quarterly Perspectives report released on Thursday...
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