Despite some notable economic gains for South Africa, growth constraints persist. What does this mean for the second half of the year? Investec Chief Economist Annabel Bishop shares her projections for the next six months and highlights the key economic indicators to watch out for. Listen on the latest episode of Investec’s No Ordinary Wednesday podcast.
Podcast key moments:
00:00 – Introduction
00:57 – Impact of elections on the rand, investor confidence and the economy
02:27 – GDP outlook for the rest of 2024
03:44 – Will the Purchase Manager's Index (PMI) improve?
05:10 – What will strengthen business confidence?
07:47 – Household finances remain restricted
09:04 – Inflation data positive for interest rates
10:45 – Impact of inflation on household finances
11:53 – Impact of global elections on South Africa
13:51 – Will South Africa’s 10-year benchmark bond recover?
16:19 – What are the key drivers of rand volatility?
17:40 – Key economic indicators to watch out for in the second half of 2024
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