Global diversification is vital to lighten up local doom and gloom
Poor economic outlook for second half of 2020 is likely to affect investors
The economic outlook for the second half of 2020 is not looking positive, which is likely to have an impact on investors. The SA economy is likely to continue to struggle.
The country entered the Covid-19 crisis in a precarious fiscal position with an economy that had been in a state of decline for several years. Given the length and severity of the lockdown — one of the harshest globally — it should be no surprise that the country’s GDP contracted so sharply in the second quarter of 2020. This came after three successive quarters of contraction and an average annual growth rate well below 1% over the past five years...
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