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"SA growth forecast keeps lowering because we're an export dependent economy"

5 June 2017 1:36 PM
Tags:
SA economic growth
World Bank cuts SA growth forecast
Nedbank economist Isaac Mathekgo says unemployment must be fixed to help boost SA economy and busines and govt must work together.

News over the weekend says the World Bank has actually cut its growth forecast for South Africa's economy for 2017 and that it would now only grow at 0.6% and a possible 1.1% next year.

Nedbank economist Isaac Mathekgo The Midday Report's Stephen Grootes that South Africa's growth forecast keeps getting lower because South Africa is an export dependent economy.

As a result, production in the local economy was slower.

Isaac Mathekgo, Economist, Nedbank

There's a lot of concern around government policy. There's a lot of concern around whether or not the current administration is serious about implementing policies and measures that will help the economy grow.

Isaac Mathekgo, Economist, Nedbank

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5 June 2017 1:36 PM
Tags:
SA economic growth
World Bank cuts SA growth forecast