For now, we expect real expenditure on GDP to reach pre-COVID-19 levels by the end of 2022, with average real GDP growth during 2021-2023 amounting to 3.4% p.a. However, the extensive looting and mass criminal activity of late, have imposed serious risks to, inter alia, the retail sector. The outlook for economic growth, investment, the exchange rate, state spending, saving, employment and inflation could all be jeopardised. Hence, current forecasts remain subject to unfolding developments during the next few weeks and months.
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