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Business / Economics

Local analyst examines economic outlook amid rate cut predictions

todayFebruary 13, 2024 9

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South Africa’s Standard Bank chief economist Goolam Ballim expects four 25 basis point cuts in 2024 starting in the second quarter, and taking the repo rate to 7.25% by year-end. He forecasts economic growth to rebound moderately in 2024 to 1.2%. We asked local Research Analyst at IJG Research, Angelique Bock if she agrees with him.

Written by: Tonata Kadhila

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