ECONOMIC WEEK AHEAD: Economy reviving despite a darkening horizon
Data is expected to strengthen despite rising oil prices, interest rates and geopolitical tensions
Economists are hopeful that continued signs of recovery will be evident from the main economic data releases this week — retail sales for January, and consumer and building confidence surveys for the first quarter of 2022.
The economy has bounced back faster from the July unrest and Covid-19 pandemic than expected. This pushed the annual growth rate to almost 5% last year — a huge turnaround from the record 6.4% year-on-year contraction SA suffered in 2020 at the height of the pandemic...