Investec forecasts 2.5% growth for South Africa in 2010, rising to 3.7% in 2011.
Investec has forecast 2.5% y/y growth for South African in 2010, rising to 3.7% in 2011 and up to 4% in 2012, but warns that South Africa's economic performance will be dependent on the recovery of global demand.
The UN forecast on Monday that African economies would grow by an average of 4.8 percent in 2010 as a global recovery is expected to lift demand for the region's exports.