Confidence Matters

SOUTH AFRICA - Forecast 09 Apr 2014 by Iraj Abedian

Executive Summary One quarter into 2014, it appears that a blend of domestic and global ingredients will decide the course of South Africa’s economic performance going forward. Confidence at home is by and large low. On the whole, we expect a lackluster economic performance as consumption spending growth is expected to remain subdued. Threats of imminent escalations in the cost of acquiring credit, and rising short-term inflationary pressures are depressing confidence. In this context, subdued economic growth may result in 2014. To make matters somewhat worse, South Africa has already lost ...

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