oa Civil Engineering = Siviele Ingenieurswese - Bullish outlook for civil industry

Volume 13, Issue 7
  • ISSN : 1021-2000



Extracted from text ... CIVIL ENGINEERING ? JULY 2005 33 ECONOMIC BACKGROUND The South African economy is enjoying a period of low interest rates, low infl ation, higher disposable income and a stronger currency. On a quarter-to-quarter basis the annualised rate of real gross domestic product accelerated for fi ve consecutive quarters to 5,5 % in the third quarter of 2003. A slight deceleration followed in the fi nal quarter to 4 %, mainly due to weaker performances of the mining and manufacturing sectors on the back of the strong currency. Expectations are that GDP will grow in the region of 4 % during 2005. The underlying expectation is that the South African economy will be subject to a prolonged period of ..

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