Economic growth predicted to slow for the rest of the year

File: The current account deficit widened marginally to 3,5 percent in the third quarter. 

File: The current account deficit widened marginally to 3,5 percent in the third quarter. 

Wikimedia Commons

STELLENBOSCH - Stellenbosch University’s Bureau for Economic Research has cut its economic growth forecast for the country for the rest of the year.

READ: SA economy shows slight improvement: PMI

It&39;s revised its growth estimate down from 1.9 to 1.4 percent.

The Bureau says the weaknesses that led to the 2.2 percent contraction in the first-quarter GD, may have continued into the second.

READ: SA needs accelerated growth to address poverty and inequality: Nene

It&39;s concerned about policy proposals that might not strike a balance between transformation and enabling business growth.

A weaker rand and mounting global risks are also cited as reasons behind its revised forecast.