South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.

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THE ECONOMIST: Volatility around the trend

The recent fall in oil prices took many people by surprise, but the underlying trends have been building for some time. The downwards price pressure is coming from increased US oil output, more competition from natural gas, weak GDP growth in the OECD and improving energy efficiency in the emerging world. None of these factors is going away anytime soon, although OPEC is doing its best to counteract the first. At the EIU we think…

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