Confidence Continues to Tumble

SOUTH AFRICA - Forecast 25 Aug 2015 by Iraj Abedian

A combination of unfavourable factors arising both locally and internationally are placing a strain on South Africa’s already fragile economy. This has led to compromised confidence in the country for both consumers and business. Overall, we expect lacklustre economic performance as factors such as low demand, the electricity crisis as well as low commodity prices continue to negatively impact on the economy. For instance, the country has been facing a crippling energy crisis that has negatively impacted on the economy, both businesses and consumers.

High unemployment rates continue to plaque the country amidst socio-economic challenges such as high poverty rates and high income inequality.

Headline inflation has been picking up after months of relatively low inflation, and this trend is expected to continue as the rand continues to depreciate.

The “twin deficits” remain issues in the economy making it even more fragile to outside shocks.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This forecast is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This forecast is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this forecast or its contents.