I don't understand that thing. Do they think ZAR will weaken or will it strengthen before it weakens again? Say over the next 6 months.
So looking at their prediction (Base Case) it will recover to around 14.30 before strengthening to 13.90 by year end, subject to the conditions happening in the description below the base case figures (which is exactly why I think the lite domestic downturn case is way more likely)I don't understand that thing. Do they think ZAR will weaken or will it strengthen before it weakens again? Say over the next 6 months.
Still better than what happens in the US though.. they publish and celebrate predictions and when actual and corrections come it’s swept under carpet.Well let's be honest. Our GDP didn't really grow as such. It was mainly supported by mining from a weak Rand ironically. Our most important sectors transport, construction and agriculture were negative. Manufacturing grew by only 2.1%. The rest of the sectors are sort of circulatory and expected to "grow" in a bad economy. As soon as people start analysing this they'll come to the conclusion it's all smoke and mirrors.