# Independent economist John Loos says South Africa’s household sector is showing early signs of a slowdown, after the South African Reserve Bank’s leading business cycle indicator recorded its sharpest monthly decline since early 2023. The April reading fell by 1.78-percent, while year-on-year growth also eased from 5.8-percent in March to 4.1-percent. Loos forecasts gross domestic product growth of about one-percent this year before a recovery next year:
Economist warns of possible short-term economic slowdown in South Africa [SOUND]
ENG LoosOnEconomicSlowdown