Die Suid-Afrikaanse Kapitaalmark en Aandelebeurs as Vooruitskatters van Reële Ekonomiese Aktiwiteit

Abstract

ABSTRACTTwo simple forecasting models are developed to forecast future real economic activity, the one based on information contained in the industrial share index and the other based on the term structure of interest rates. It is shown that both these models provide better ex ante forecasts of real activity than a number of leading South African economic forecasters.