Tag: bnp paribas south africa
Stats SA has left many people confused, with its unemployment survey stating that the unemployment rate in second quarter decreased to 23.3 per cent, from 30.1 per cent in the first quarter. The agency has warned that the numbers were not as expected, due to the adopted definitions and a smaller sample size. Joining CNBC Africa to give insight is Annabel Bishop, Chief Economist at Investec and Jeff Schultz, Senior Economist at BNP Paribas South Africa.
BNP Paribas South Africa expects that the velocity of money and its relationship to inflation in the South Africa economy should play an important role in guiding future monetary policy decisions. Joining CNBC Africa for more is Jeff Schultz, Senior Economist at BNP Paribas South Africa.
Banking group BNP Paribas has forecasted that South Africa’s GDP growth will contract by 8.5 per cent this year and warns of an even slower recovery in 2021. Joining CNBC Africa for more is Jeffrey Schultz, Senior economist at BNP Paribas South Africa.