Central bank expects South Africa’s 2018 growth to be “much lower” than initial forecasts, here’s why

PUBLISHED: Wed, 15 Aug 2018 11:42:57 GMT
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CAPE TOWN (Reuters) – South Africa’s economic growth this year will be “much lower” than initial expectations, the central bank said in a presentation to parliament on Wednesday, calling any recovery “weak and choppy”.

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The South African Reserve Bank added that fixed investment was not expected to pick up meaningfully this year, while inflation risks remained on the upside.

Reporting by Wendell Roelf; Writing by Alexander Winning; Editing by Joe Brock