Monetary policy and reforms are the only wiggle room SA has
Pandemic offers the government a chance to implement structural reforms that earlier seemed out of reach
The Covid-19 pandemic is cutting a swathe of economic devastation across the world; an unprecedented global recession is now upon us. Unfortunately, SA, which was already in recession when Covid-19 hit, will not get away lightly.
The second quarter of 2020 will mark a huge step-down in economic activity, with only a gradual and partial recovery afterwards given likely permanent firm closures, worker layoffs and impaired balance sheets...