At the same time, forecasts and expectations of inflation from the capital market are around the middle of the target range – at about 2 percent – with the markets and forecasters estimating that the interest rate will rise by about half a percentage point by the end of the year.
Advanced economies are expected to grow by an average 1,3 per cent next year as compared to the projected 5,1 per cent growth rate for developing and emerging economies. This may have implications for our domestic recovery to the extent that our export sectors are dependent on the performance of the industrialised economies.