SA economy jumps back

source: Fin24
Feb 23 2010 09:00
René Vollgraaff

Johannesburg – The economy could grow far more quickly this year than initially expected.

The Reserve Bank’s leading indicator climbed 120.9 points in December compared with November’s 120.

Year on year the index was up 13.9%.

The indicator is a pointer to what can be expected from the economy over the next six to 12 months.

According to economists.co.za economist Mike Schüssler, the indicator shows that the economy will definitely turn, and that the turn will be much faster than expected.

That is very good news, he says, but it is not to say that there will no longer be any problems in the economy. The PIIGS countries (Portugal, Italy, Ireland, Greece and Spain) are experiencing problems that could affect SA as well, but for the next few quarters we can expect [continue reading]

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