PRESS RELEASE: IRR economist urges caution on SA economic growth numbers - 21st November 2013.

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 Committee (MPC) statement today.

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