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Muted optimism for SA’s lacklustre economy

2024 growth set to double for South Africa

 

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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