Recently published research from Business Monitor International, "South Africa Business Forecast Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 02/18/2014 -- BMI sees the South African economy posting tepid growth over the medium term, with real GDP expanding by just 2.5% in 2014. Our below-consensus view is predicated on several factors including tepid investment sentiment and the ongoing retrenchment in the domestic gold mining sector.
The South African Reserve Bank (SARB) continues to face a difficult dilemma in its monetary policy deliberations. Inflation is facing upside pressure from the weak rand and economic growth is lacklustre - which together put the central bank in a stagflationary bind wherein neither a rate hike nor a rate cut is a palatable option. This being the case, we expect the repo rate to be kept on hold at 5.00% through 2014.
South Africa's current account deficit will remain sizeable over the coming years, with BMI predicting that it will remain over 5.0% of GDP in 2014. Inflows to the capital and financial account have propped up the balance of payments in recent years, but with investor appetite for South African bonds waning, this trend can no longer be assured.
View Full Report Details and Table of Contents
The ANC's dominant position is coming under threat ahead of legislative polls in April 2014. Dissatisfaction is rising among poor black South Africans who form the majority of the population, and opposition parties are growing in popularity and number. We expect the opposition to gain an increased share of the vote at the polls, although the ANC will win the election.
Major Forecast Changes
No major forecast changes
Key Risks To Outlook
A sustained bout of global risk aversion with an attendant sharp outflow of portfolio funds. This would threaten South Africa's precarious balance of payments.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- Sudan and South Sudan Business Forecast Report Q2 2014
- Pressure Relief Devices Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
- South Africa Wound Care Management Market Outlook to 2018 - Advanced Wound Management, Wound Closure Devices, Pressure Relief Devices, Ostomy Drainage Bags and Others
- Negative Pressure Wound Therapy (NPWT) Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
- Mobile Money: Mobile Payments, Mobile Remittance, Mobile Banking & Mobile Commerce Market - Advanced Technologies, Value Chain, Worldwide Market Forecasts & Analysis (2013 - 2018)
- South Africa Pharmaceuticals & Healthcare Report Q1 2014
- Ophthalmic Diagnostic Equipment Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
- Airway and Anesthesia Devices Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
- Respiratory Devices Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
- Respiratory Disposables Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)