SA economy: Why it’s not getting better
The SA economy is going to battle in 2023 thanks to load-shedding and the global slowdown, but it should pick up again from 2024 as these forces wane
After a year of floods, strikes, soaring inflation, rising interest rates and record load-shedding, South Africans could be forgiven for thinking the economy must have hit rock bottom in 2022, and that this year will surely be better.
Unfortunately, the most recent Thomson Reuters consensus forecast is that South Africa will experience a V-shaped growth path, starting from 1.8% last year, dipping to 1.2% this year and then recovering to 1.8% in 2024...
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