Treasury and Reserve Bank growth forecasts differ over impact of power cuts
Finance minister says Reserve Bank's projection of 0.3% GDP growth for 2023 is based on worse assumptions than Treasury’s 0.9% forecast
28 February 2023 - 19:18
The National Treasury and the Reserve Bank have different views on the future intensity of load-shedding, which explains their differing forecasts for economic growth in 2023, finance minister Enoch Godongwana said on Tuesday.
The Treasury estimates GDP growth at 0.9% this year, compared with the Reserve Bank’s 0.3%, and will average 1.4% average for the next three years...
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