2017 to be less ugly - economist

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Cape Town – From an economic and political standpoint 2017 is going to a “less ugly year”, said Jeffrey Schultz, economist at BNP Paribas securities. 

Schultz’s explained to Fin24 that his prognosis is based on the fact that rising commodity prices continue to benefit South Africa from a trade position and significant rainfall that has helped to end a crippling drought in large parts of the country, which will most likely result in a surplus of grain stock. 

“All of this should probably lead to a relatively sharp drop in inflation in the second half of this year and that in turn could provide policymakers with some scope for policy easing later in this year,” said Schultz. 

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