South Africa’s rising export demand to buoy growth.

South Africa’s rising export demand to buoy growth. THE economy was likely to grow at 2,7% this year and may be an interest rate cut next month pending on electricity prices according to the Bureau for Economic Research (BER). The forecast from the BER sees the economy growing at about 2,6% this year. This growth is expected to continue in 2011.


SA emerged from recession in the third quarter of last year, boosted largely by a recovery in factory output and demand for exports from SA’s main trade partners.

Inflation is expected to ease to an average 5,3% this year from 7,1% last year, before escalating to 5,9% next year — still inside the official 3%-6% target range.

http://www.businessday.co.za/Articles/Content.aspx?id=93791.

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