Recession fears stalk the globe
The global slowdown is making it more difficult for SA to drag itself out of its low-growth trap
10 October 2019 - 05:00
Signs that the slowdown in global economic activity is deepening, and that major global central banks lack the firepower to fight back, come at the worst possible time for SA’s fragile economy, as it strains to mount a recovery.
Tension in the Middle East over oil, the cautious stance of the US Federal Reserve on the future path of interest rates, and crumbling data out of Europe have all knocked risk sentiment, as has ongoing uncertainty over US-China trade talks and a possible no-deal Brexit...
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