South Africa: IRR Economist Urges Caution On SA Economic Growth Numbers

analysis

IRR chief economist, Ian Cruickshanks, has said that the Governor of the South African Reserve Bank (SARB) , Ms Gill Marcus , may still prove to be overly optimistic in her GDP growth forecast for 2013 .

This is despite the forecast having been revised down from over 3% a year ago to 1.9% in the SARB's Monetary Policy Com mittee (MPC) statement today.

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