“The stronger growth forecast for 2021 reflects better sectoral growth performances and more robust terms of trade in the first quarter of this year,” the reserve bank’s monetary policy committee said in its“Despite rising oil prices and a higher total import bill, commodity prices have risen to new highs, strengthening income gains to the economy.
“During periods of economic instability, annualising can be misleading, because it exaggerates growth rates that are unlikely to be repeated.”, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.
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