[vc_row][vc_column][gem_button corner=”3″ icon_pack=”elegant” text=”DOWNLOAD PDF” link=”url:http%3A%2F%2Ffdcng.com%2Fwp-content%2Fuploads%2F2019%2F09%2FFDC-Economic-Bulletin-September-06-2019.pdf||target:%20_blank|” text_color=”#ffffff” hover_text_color=”#000000″ background_color=”#ddbd89″ hover_background_color=”#ddccaa”][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,
GDP – Weaker than expected
Real GDP growth slowed to 1.94% in Q2’19 from 2.1% in Q1. Though the growth rate is lower than widely expected, it is the strongest showing since 2015. The contraction in growth was largely due to seasonal effects, especially the impact of the planting season on agric output. The agric sector grew by a mere 1.79%.
These pale numbers are likely to nudge policy makers towards shooting for a higher level of fiscal stimulus and lower interest rates in the near term.
There is fire in Soweto
As we see what’s happening in Joburg, we must not forget the words of Sonny Okosun.
“I look at them a burning
My people are crying
I look at them a shooting
My people are dying
I look at them a robbing
My people are sighing
Tell me where you’re going to go
We did nothing
Nothing that we owe you
We need something
Will you leave us alone
We have risen
Freedom is our goal
In this publication, the FDC Think-Tank analyzes the GDP numbers for Q2 and its implications.
Do enjoy your read…[/vc_column_text][/vc_column][/vc_row]