SA GDP growth surprises a little on the upside, but needs much more impetus

In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses SA’s GDP numbers for Q1, which surprised a little to the upside, and expectations of what economic growth could look like for the rest of the year. He looks at sectoral contributions and notes that manufacturing remains a weak spot in the economy, as manufacturing production also declined, and stresses the need to be closer to other emerging markets at 4% on a sustained basis. He also discusses US inflation (CPI and PPI) for May and the relatively high headline inflation (against a 2% inflation target) as gasoline prices soar. He also discusses the Fed’s meeting this week and pressure on the new Fed chair to cut interest rates.

STANLIB Asset Management (Pty) Ltd is an authorised Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.