A Not-So-Firm Recovery Due to Political Economy Uncertainties

SOUTH AFRICA - Quarterly Outlook 11 Oct 2017 by Iraj Abedian

• South Africa’s Growth: South Africa’s end-2016 – beginning-2017 technical recession came to a welcoming end during the second quarter of 2017 as the seasonally adjusted and annualized GDP recorded a growth rate of 2.5% q/q. We expect a positive quarterly GDP growth rate once again during the third quarter of 2017 due to improved commodity prices from their moderation during the second quarter, along with a continued good performance of the agriculture sector. Furthermore, the contained inflation should continue to benefit consumers. • Agriculture: Agriculture’s impressive growth sinc...

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