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Are Our Economics going up?

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Question added by Wahib L. K. Botros , Construction Super intedent & Assist. construction Manager , ABB Sadelmi - Ansaldo - Technip ,Rome- Bechtel
Date Posted: 2014/11/19
Trevor Donian
by Trevor Donian , Construction/Contracts/Project Manager , Solar Company

Hi Wahib,

I think that is a double edged question.

I believe you are asking, is our economy getting stronger? Put simply is there more money in your economy being spend, my answer can only be related to South Africa hence I would have to say NO. At current GDP growth rates of2.5% and population growth at4.% the difference is staggering. The value of the rand against the dollar is also having an eroding effect on our currency, buying less for more, I certainly hope your country is faring better then mine.

 

Regards

 

 

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