Slow rise in price of goods signals slow growth for 2017

Inflation is likely to rise in the short term due to higher fuel costs. FILE PHOTO | NMG

The slower rise in price of goods towards the end of last year indicates that the sluggish economy was unlikely to recover in the last quarter of the year to boost the overall 2017 GDP growth number, research firm Stratlink Africa says in a new report.

The economy registered a year-on-year growth rate of 4.4 per cent in the third quarter of 2017, the slowest quarterly growth since the last three months of 2013.

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