Upbeat Old Mutual predicts 5% GDP growth for SA in 2021
The investment group says 2021 will be SA’s comeback year as the recent budget speech marks a ‘fiscal turning point’ for the country
02 March 2021 - 17:58
Old Mutual Investment Group says 2021 will be SA’s “comeback year” with economic growth rebounding to 5% on the back of a global recovery that will support commodity prices and financial markets, ushering in a strong domestic recovery following last year's Covid-19 devastation.
The Cape Town-based group’s chief economist Johann Els described its projected economic growth for 2021, which compares to a 3.3% forecast by the Treasury, as the “bungee cord rebound effect” from 2020’s more than 7% GDP contraction...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.