ALAN PEAT STANDARD BANKÕS economics division has just updated its five year forecasts. For the years 2005-2009 it forecasts gross domestic product (GDP) growth to be: 4.1%; 3.8%; 3.8%; 4.1%; and 3.9% respectively. CPIX (the SA Reserve BankÕs inflation measure when it comes to interest rates decisions) it expects to record: 4.1%; 5.7%; 5.8%; 5.2%; 5.0%. Average exchange rate of rand to US dollar: 6.33; 6.39; 6.89; 7.42; 7.82.
