{"id":10839,"date":"2012-05-29T22:16:19","date_gmt":"2012-05-29T20:16:19","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/s-africa-growth-outlook-modest\/"},"modified":"2012-05-29T22:16:19","modified_gmt":"2012-05-29T20:16:19","slug":"s-africa-growth-outlook-modest","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-growth-outlook-modest\/","title":{"rendered":"S.Africa growth outlook modest"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">PRETORIA<\/span> May 29 (Reuters) &#8211; The economic outlook for South<br \/>\nAfrica remains modest, with a gradual recovery in domestic<br \/>\ndemand and supply expected barring further global turbulence,<br \/>\nthe Reserve Bank said on Tuesday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Inflation expectations remain relatively well anchored, with<br \/>\nthe main upside risk to the outlook emanating from the oil<br \/>\nprice, administered prices and the rand exchange rate, the bank<br \/>\nsaid in its bi-annual monetary policy review.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Increased uncertainty regarding Europe and associated<br \/>\nglobal financial market turbulence has impacted on the perceived<br \/>\nrisks to the outlook for both domestic inflation and growth,&#8221; it<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The probability of future growth and financial shocks<br \/>\nemerging from global developments remains high.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>While the inflation forecast appeared more favourable, there<br \/>\nwere renewed risks from a possible further weakening of the<br \/>\nexchange rate, although this should be offset by weaker demand<br \/>\nand lower commodity prices, particularly oil.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Cost-push pressures emanating from international oil prices<br \/>\nand the impact of changes in global risk perceptions on the<br \/>\nexchange rate remain the central unknowns,&#8221; the bank said.\t<\/p>\n<p> (Reporting by Stella Mapenzauswa and Tshepo Tshabalala; Editing<br \/>\nby Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PRETORIA May 29 (Reuters) &#8211; The economic outlook for South Africa remains modest, with a gradual recovery in domestic demand and supply expected barring further global turbulence, the Reserve Bank said on Tuesday. Inflation expectations remain relatively well anchored, with the main upside risk to the outlook emanating from the oil price, administered prices and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10839"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10839\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}