Slow fourth quarter economic growth expected - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Economic growth is expected to have slowed significantly in the fourth quarter of 2022 on the back of intense rolling blackouts, a rise in the cost of living, high interest rates and elevated levels of inflation. RollingBlackouts LoadShedding

Most economists say they expect that growth would have stalled in the fourth quarter and expanded by between two and two-point-five percent for the full year of 2022.Chief economist at Econometrix, Azar Jammine, says the mining and manufacturing sectors are expected to have weighed in on economic growth in the fourth quarter.

“Essentially, we have received fairly weak data with regard to mining and manufacturing production, and the retail sales have also not been great. So, there is a chance that the GDP for the fourth quarter of 2022 will come in negative, which is a contrast to the unexpectedly strong six percent growth of the third quarter of 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines