South African unemployment will not fall in the next two years even though economic growth will be r...
South African unemployment will not fall in the next two years even though economic growth will be relatively strong, according to Goldman Sachs A range of domestic and international economic fundamentals point to an improving condition in South Africa, the research group said and it is forecasting real GDP growth of 1% in 1999, 2.6% in 2000 and 3.4% in 2001 Goldmans has forecast that growth this year will come mainly from an improvement in private consumption expenditure in the second half due to lower interest rates. Better export figures, growth in Europe and rising commodity prices wi...
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