South Africa’s recent economic growth turnaround is unlikely to last as 2017’s boom in the primary sector fades and the reform outlook ramins murky, the central bank said on Tuesday.
“The pickup in growth is not especially strong, however, and growth remains below long-term averages,” the Reserve Bank said in its latest Monetary Policy Review document.
“This is mainly because, at this early stage, there is little clarity around the reform agenda, and without specifics it is difficult to quantify growth responses,” the bank said.