Although sentiment indicators in South Africa are depressed there’s improvement to support stronger growth for 2024 compared to 2023. In the latest episode of No Ordinary Wednesday, Investec Chief Economist Annabel Bishop discusses the macroeconomic outlook for the global and local economy and where are the opportunities for economic growth.
Podcast key moments:
00:00 – Intro
00:51 – GDP 2024 forecast
02:24 – International factors impacting South Africa’s economy
04:06 – How are household finances impacting the economy?
05:40 – Improving fixed investment in South Africa
06:40 – What needs to be done to accelerate growth and attract investment in SA?
08:12 – Election uncertainty
09:10 – Global interest rates cycle and inflation
11:55 – Inflationary pressures in South Africa
13:10 – Bond market reaction to inflation and interest rates
14:58 – Is South Africa taking advantage of global economic recovery?
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