Experts warn uptick in economic activity not a sign of improvement in 2024

VAAL TRIANGLE - December’s 1.9% uptick in BankservAfrica’s Economic Transactions Index suggests a slight economic boost, but experts remain cautious about 2024. Despite inflation moderation, concerns linger, with a potential technical recession in quarter four of 2023. Economists warn while improvements are expected substantial 2024 growth appears unlikely without significant structural reforms. They say indicators like the Purchasing Managers’ Index and declining vehicle sales point to muted economic activity, reinforcing the need for transformative changes.

PHOTO: (Supplied)