South Africa GDP Tracker suggests sluggish growth in Q3

Our South Africa GDP Tracker suggests that economic growth picked up slightly in Q3, but was still very weak. As a result, there is a significant chance that GDP growth in 2014 as a whole undershoots our forecast of 1.5%. What’s more, we suspect that the risks to our below-consensus forecast of 2.0% for 2015 also lie on the downside.

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