Coronavirus forces Moody’s to cut SA growth forecast again
The ratings agency cuts its forecast for SA growth to 0.4% down from 0.7%
For the second time in less than a month, Moody’s Investors Service has cut its expectations of SA’s growth, due to the spread of the coronavirus.
Moody’s — the last credit ratings agency to hold SA debt at investment grade — lowered its growth forecast for SA to 0.4% down from 0.7%, as it revised down its expectations across the G20 countries, in the wake of the disease’s spread. ..