Author: Mike Schusssler Source: Economists.co.za
The KwaZulu-Natal economy continues to struggle as confidence is low due to uncertainty inflation and higher interest rates. The latest KwaZulu-Natal barometer, as compiled by Mike Schüssler of Economists.co.za, declined 3.2% year-on-year, the biggest decline in 12 months. Quarter-on-quarter the barometer was down 4.4% and month-on-month it was down 1.8%. The barometer was also 4.9% lower than three years ago as the overall South African economy has weakened.