Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Forex News
Daily Market News Sharing
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="everestmarkets, post: 48394, member: 19237"] Daily Market News sharing from Everest Market :) JOHANNESBURG--High unemployment, indebtedness and eroding consumer confidence are weighing on household consumption in South Africa, the central bank said Tuesday, adding strain to an already beleaguered economy. The South African Reserve Bank said in its annual economic report that declining rate of domestic expenditure and household consumption are adding to pressure on an economy expected to grow just 2% this year, after expanding 2.5% in 2012. Household consumption grew by 2.3% annually in the first quarter of this year, the slowest rate since at least 2010. That dragged down gross domestic expenditure overall, which expanded 3.5% annually in the first quarter after growing 4.1% annually in 2012. The bank said slower growth in disposable income, high unemployment, indebtedness and waning consumer confidence were to blame for the falling rate of consumption growth. South Africa's unemployment rate is 25.2% and consumer confidence has dropped sharply since the middle of 2012. (END) Dow Jones Newswires July 23, 2013 04:14 ET (08:14 GMT) [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…