ECONOMIC GROWTH FORECASTS
The 2020 outlook: a little better with lots of the same
Views from global finance institutions, credit ratings agencies and asset managers
31 December 2019 - 12:25
SA Reserve Bank — not at the bottom yet
The Reserve Bank projects that in 2020 the economy will grow by 1.4%. This is a substantial revision of the view it held this time in 2018, when it projected 2% growth for 2020. The downward revision shows just how weak the economy has turned out to be in 2019. The Reserve Bank also says that its gauge of future economic activity — based on indicators such as approved building plans and job advertisement space — has not yet shown any sign that the economy has reached the bottom of the cycle. — Carol Paton..
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