What the latest data says about the risk of recession
The Reserve Bank’s composite leading business cycle indicator shows momentum in economic activity contracted on a monthly basis
21 February 2023 - 12:08
UPDATED 21 February 2023 - 22:50
Economic activity slumped in December, affected by rotational and heightened power outages, low business confidence and an economic slowdown in SA’s key trading partners, Reserve Bank data shows.
The Bank’s composite leading business cycle indicator, which was released on Tuesday and provides a projection of SA’s economic growth cycle for the next six to 12 months, shows momentum in economic activity contracted 2.1% on a monthly basis, following a downwardly revised 0.08% in November...
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