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WATCH: Can we resuscitate business confidence?
The RMB/BER Business Confidence Index has flatlined at 34 points in the fourth quarter. And the index was finalised ahead of S&P Global Ratings’ decision to downgrade the country’s local currency credit rating to junk.
RMB chief economist Etienne le Roux tells Business Day TV that confidence levels may fall ever further into than the index suggests.
Le Roux says new political leadership with market-friendly policies could help to reboot the economy and restore confidence.
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