In South Africa, growth in the fourth quarter of 2015 amounted to 0.6% (q/q annualised) which was slightly down on the 0.7% recorded in the third quarter. Growth in 2016 is likely to come in even below 2015’s number of 1.3% at 0.7%. The economy has been in a downward phase of the business cycle already for the past 27 months.
Subscribers to EasyData can download the complete forecast in Excel format and report in PDF format on www.easydata.co.za.