WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2004-02-19 Posted By: Jan
From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 2/19/2004 1:51:52 PM
S.Africa Leads Africa"s Economic Growth
[The fate of Africa is determined by South Africa. I am curious to see how the election in SA in April pans out and how that affects business confidence. The ANC’s campaign for a “workers contract against poverty” sounds very socialist to me, and I am curious to see what they do after the election. Jan]
A RECENT World Economic Survey shows that improvement in Africa’s economy can be attributed largely to the increase in business confidence in SA the continent’s economic engine room.
The improvement in the climate indicator is due to significantly better assessments of the present economic performance and more optimistic expectations for the next six months, the survey says.
After a period of weak confidence, the survey says, Africa is also likely to profit from the global economic rebound.
Business confidence in SA reached new highs last year, supported by rate cuts, a pick-up in the local stock market and positive trade figures. Retail figures surged 9,5% in November. According to Statistics SA , this was the strongest growth seen in eight years.
A decrease in vehicle prices due to the lowering of interest rates also saw a steady rise in vehicle sales.
Global economic conditions have supported manufacturing production, which is expected to do well this year, according to a key economic indicator released earlier this month. Strong retail spending is expected to support private expenditure in the economy, which is set to grow at 2,8% this year, giving a boost to overall economic growth.
Elsewhere in Africa, the survey showed a downward shift in economic performance in Egypt, while confidence in the coming recovery strengthened.
In Algeria, Morocco and Tunisia, the overall economic climate brightened, while the marks of the present economic state had reached or surpassed the “satisfactory” level determined by the survey.
Globally, the overall climate indicator continued its upturn in January this year.
On the world average, the economic expectations for the coming six months are with a rating of 7.3 on the survey grading scale (which goes from 1 to 9) at the highest level since 1985, pointing to an upswing of the world economy.
The favourable global conditions are also expected to have a beneficial effect on the performance of exports and imports worldwide, and thus on the world trade.
The survey assesses worldwide economic trends by polling transnational as well as national organisations worldwide on current economic developments in their respective countries.
Source: AllAfrica.com
URL: http://allafrica.com/stories/200402190367.htm…br>