Economy / South Africa
If you would like to subscribe to Southern Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Southern Africa Monitor please click on the trial link below.
Monetary Tightening To Weigh On Growth
May 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Southern Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Southern Africa Monitor please click on the trial link below.
We forecast that South African economic growth will weaken significantly in 2008, which will be mainly a result of further monetary tightening and weaker external demand. In our view, aside from higher interest rates, rising inflationary pressures could lead to further social instability, posing a key risk to the country's buoyant tourism industry and its prospects for holding the 2010 FIFA World Cup.