Economic new of the week: can SA's economy rebound?
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In this edition of the Business Day Spotlight, we look at the possibility of the SA economy rebounding after the severe impact of Covid-19, in our economic news of the week.
Our host Mudiwa Gavaza is joined on the line by Johann Els, chief economist at Old Mutual Investment Group to discuss the issues.
Els says how long the current crisis will this last remains to be seen as even the medical fraternity is still trying to understand much about the disease. The full cost of the outbreak can only be accounted for when the threat is over and life returns to normal across the world.
Despite all the chaos caused by Covid-19, he does acknowledge that the government has taken strong decisive action in dealing with the crisis.
Els says a downgrade by Moody’s is likely to happen. His current outlook for local economic growth is at -2%.
Our host Mudiwa Gavaza is joined on the line by Johann Els, chief economist at Old Mutual Investment Group to discuss the issues.
Els says how long the current crisis will this last remains to be seen as even the medical fraternity is still trying to understand much about the disease. The full cost of the outbreak can only be accounted for when the threat is over and life returns to normal across the world.
Despite all the chaos caused by Covid-19, he does acknowledge that the government has taken strong decisive action in dealing with the crisis.
Els says a downgrade by Moody’s is likely to happen. His current outlook for local economic growth is at -2%.