The biggest uncertainty is the timing of implementation of the goods and services tax
Several developments in recent weeks at both the national and international levels have increased economic uncertainty for the near to medium term. Most of these will play out in 2017. For instance, on the international front, the US Federal Reserve is now expected to raise rates at a faster pace than earlier anticipated; the Organization of the Petroleum Exporting Countries (Opec) has managed to secure a deal which is pushing up oil prices; and political uncertainty is rising in Europe and will have economic consequences. On the domestic side, while the actual economic impact of the ongoing currency swap will become clear in 2017, the path of implementation of the goods and services tax (GST) continues to remain uncertain.