Trade index raises red flags

South Africa is
definitely not out of the
woods yet in terms of
economic recovery if
the Trade Activity Index
(TAI) is anything to
go by.
According to the SA
Chamber of Commerce
and Industry, the TAI
for December declined
to 42 from 51 in
November. And while
this drop is considered
to be seasonal, the
decline of the TAI was
greater than it had been
in 2008.
Economists this
week have continued
to warn South Africans
that economic recovery
will be slow following
the global economic
meltdown in 2008.