Speech by Rashad Cassim, Deputy Governor of the South African Reserve Bank, at the Central Banking Conference, Mount Nelson Hotel, Cape Town, 14 March 2023 The state of the South African economy and the role of monetary policy  These are some of the most remarkable years in the history of the South African economy. Unfortunately, they are remarkable for the wrong reasons.
Since the 1990s, intra-EU trade has risen in real terms, even as emerging economies entered the global market.14 Trade has in turn supported productivity growth. CEE countries, in particular, have been able to accelerate the process of technology absorption from firms at the productivity frontier, which has proved to be a key ingredient in the process of convergence.