3.0% Growth - A Broad-Based But Sub-Trend Recovery

BMI View: We maintain our forecast for the South African economy to expand by 3.0% in 2010 and 4.1% in 2011, with real GDP growth set to be driven by a recovering export sector as well as continued accommodative fiscal and monetary policy. For 2010, upside risks stemming from the successful staging of the football World Cup are counterbalanced by recent strikes in the transport sector.

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