Observations on recent economic developments

SPEECH - Address by Mr. T. T. Mboweni, Governor of the South African Reserve Bank, Southern African-German Chamber of Commerce and Industry, 13 July.

1. INTRODUCTION

Good afternoon ladies and gentlemen. I thank you for inviting me here to address you today. I stand before you at a rather uncertain global economic time. But despite the world economic slowdown and the question marks over future growth prospects, trade between South Africa and Europe has been on the increase. The Euro area

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