PETER ATTARD MONTALTO: From energy fixes to elections, crises keep expectations low
It’s interesting to consider that GDP growth data revisions are on average positive — indeed, quite large, with revisions up of +0.4 percentage points, as calculated by Codera. What does this do to the desire to invest?
It’s an interesting problem that reforms are occurring — albeit slowly — yet investment levels are rising exceptionally slowly. An uptick recently in the share of investment to GDP to 14.3% was mainly down to the denominator being rather weak — SA is still only just above the all-time lows. This compares with the government’s target of 30% of GDP and peers that generally come in at about 25% of GDP. ..
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