WATCH: Nedbank on SA’s growth in 2020
Nedbank CIB’s Avinash Kalkapersad talks to Business Day TV about SA’s embattled economy
Nedbank expects the local economy to grow modestly, with estimates for 2020 coming in at 1%.
That is higher than this year’s growth estimate of 0.4%, but strategists have warned that even that muted recovery in economic growth is at risk due to a growing budget deficit, bulging debt burden and state-owned enterprises (SOEs) that continue to drain resources.
Nedbank CIB’s Avinash Kalkapersad joined Business Day TV to talk about the growth outlook for 2020.
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