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SA economy the worst of both worlds - economist

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Cape Town - South Africa’s economy is faced with the worst of both worlds – a combination of rising inflation and stagnant GDP growth, which leaves little room for manoeuvrability, said André Roux, economics professor at the University of Stellenbosch Business School (USB). 

Roux was one of the speakers at a seminar hosted by the USB and the Institute for Futures Research (IFR) where the developments in the economy, politics, technology and their influence on the country were discussed. 

“Economically-speaking the year 2016 sucked,” Roux said in his overview of the state of the world economy, “but the next two years will also suck from the hangover of what happened in 2016.” 

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