Revamped PayInc Economic Index signals an uptick in economy
The newly revamped PayInc Economic Index, increased in August, signalling an uptick in economic activity. This index replaces the BankservAfrica Economic Transactions Index (BETI) and is now the primary tool for assessing economic activity. Despite the increase seen in August, the economy still faces numerous challenges, including higher US import tariffs, inefficient rail and port infrastructure, strain on trading partner countries and cheaper imports impacting local businesses
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