n Professional Accountant - Rocky recovery expected for South Africa during 2015 : economy

Volume 2015, Issue 23
  • ISSN : 1680-7537


South Africa's GDP growth rate is expected to recover somewhat to around 2.5% in 2015, up from the strike-afflicted estimated growth of 1.4% in 2014. Some recovery in household spending is foreseen. However, the expected hike in personal income taxes combined with high services costs will leave consumer spending gains below previous upturns. A move towards fiscal consolidation, by railing in government's escalating public sector wage bill, will also pose a drag on South Africa's near-term growth prospects. A significant fall in the international Brent oil price, assuming geo-political stability in the near term, could be positive for both South Africa's inflation and interest rate outlook in the next 12 months.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error