Treasury and Reserve Bank growth forecasts differ over impact of power cuts

The National Treasury and the Reserve Bank have different views on the future intensity of load-shedding, which explains their differing forecasts for economic growth in 2023, finance minister Enoch Godongwana said on Tuesday.

The Treasury estimates GDP growth at 0.9% this year, compared with the Reserve Bank’s 0.3%, and will average 1.4% average the next three years...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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