Fiscal relief may be the ammunition necessary to drive consumption expenditure but with it not being accompanied by aggressive monetary relief, growth in household consumption expenditure is showing signs of consolidation.
More Quotes from Colen Garrow:
The SARB will probably do nothing with interest rates when it meets next week.Colen Garrow
Interestingly, the forecast for December may be little changed from the previous month, around 3.7, bringing the average for 2005 to less than 4.0, a highly respectable figure.
Colen Garrow
It's a modest number but it could be better were it not for the rand. The sector is growing on strength of local demand and it does look as though global manufacturing is pulling itself out of a slump - but we are not out of the doldrums yet.
Colen Garrow
The monetary policy committee cautioned last month that it may not allow growth in credit to go unchecked, inferring that it may be concerned that consumption expenditure could introduce an element of inflation sufficient to attract a monetary tightening response.
Colen Garrow
It's likely to be a pro-growth budget in line with the government's target of reaching annual GDP growth of 6 by 2010.
Colen Garrow
The current account deficit is above the 3 benchmark, a high-water mark generally considered to flag pending currency weakness to restore a balance between exports and imports.
Colen Garrow
Readers Who Like This Quotation Also Like:
I want that which is hilarious and that which is heartbreaking to occupy the same territory in the book because I think they very often occupy the same territory in life, much as we try to separate them.Richard Russo
But since the middle of the century in particular, the music has become very irregular in rhythm.
Karlheinz Stockhausen
Love cures people - both the ones who give it and the ones who receive it.
Karl A. Menninger