February’s strong South African retail sales data suggest that the economy’s Q1 slowdown was less severe than we had feared. But even so, we expect that weakness in the mining and manufacturing sectors will keep growth subdued over the course of 2015. Moreover, rising inflation may limit consumer spending later in the year, reducing consumers’ ability to support growth in the face of weak industrial output.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.