SA economist warns of global recession as coronavirus spreads
One hopes the government will put something in place through the banking system to assist small to medium businesses
18 March 2020 - 18:21
The 10 countries with more than 90% of all coronavirus infections to date have contributed well above 50% to the world’s GDP, putting the world at risk of entering a recession, a leading SA economist told a virtual conference for financial advisers this week.
Stanlib economist Kevin Lings said economic data coming out in the next few weeks and months is going to look “horrendous” and there will be a significant pullback in performance...
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