Is SA’s economy set for lift-off?
It’s been only six weeks since the formation of the GNU, but some brave economists are already predicting economic lift-off
08 August 2024 - 05:01
South Africans are used to hearing that the economy is stuck in a 1% growth trap and will remain there until major structural investments transform our dysfunctional energy and national logistics systems. But are we being too pessimistic about the country’s prospects?
As recently as June, some economists were trimming their 2024 forecasts after bleak GDP data showed that economic growth had contracted in the first quarter and might not even meet the low Reuters consensus expectation of 1% for the year as a whole...
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