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Country Economic Forecasts > South Africa

  • April 2017
  • -
  • Oxford Economics
  • -
  • 13 pages

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The economic outlook has taken a turn for the worse after two major credit ratings agencies downgraded South Africa's credit rating to sub-investment grade in early April. The agencies responded to heightened political risk, triggered by a late-night cabinet reshuffle and the sacking of the credible finance minister and his deputy. This background will be negative for economic growth, investment, much-needed capital flows, inflation and interest rates.

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