Picture: 123RF/TAKASHI HONMA
Picture: 123RF/TAKASHI HONMA

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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