South African quarterly economic report third quarter 2012

Type Journal Article
Title South African quarterly economic report third quarter 2012
Author(s)
Publication (Day/Month/Year)
URL http://www.fmd.co.za/Reference_library/2013/QER2013Q3.pdf
Abstract
- South African economic growth falls from 3.2% in the second quarter to 0.7% in the third quarter
- Annualised growth in real fixed capital formation rises from 2.1% in the second quarter to 3.1% in the third quarter
- Headline consumer price inflation breaches the Reserve Bank’s target range of 3% to 6% to average 6.23% in the third quarter
- Current account deficit widens from 5.9% of GDP in the second quarter to 6.8% of GDP in the third quarter
- Economy is expected to show faster growth in 2014, with the Reserve Bank forecasting real GDP growth of 3%

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