Macroeconomic Forecast South AfricaJuly 2012 | Macroeconomic Forecasts
BMI View: We have made a marginal downward revision to our growth forecast for South Africa in 2012. We now anticipate real GDP growth of 2.5%, a number slightly below the 2.7% forecast we have held since December 2011. Macroeconomic trends are broadly in line with our expectations, but both the global and domestic economic environments are a little worse than we previously anticipated, prompting us to nudge our number down.
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