Economic Outlook Report XIX

The Economic Services Unit presents this 19th Economic Outlook to the ARC as a planning resource. The document analyses global and domestic trends in economic and agricultural markets and in related policy, as well as potential impacts of the above on sector performance. Apart from a macroeconomic perspective, it deals with production, consumption, and price trends. A range of projections are provided, based on assumptions about a set of economic, technological, environmental, political, institutional and social factors. International and local publications form the basis of the Outlook. Projections developed by the OECD, IMF, FAO and the World Agricultural Outlook are used. Respected local sources such as SAPA, Absa, BFAP and FNB outlooks are also used. Projections should be interpreted as possible scenarios.