SA on the wrong side of recovery hopes
SA’s rebound from the lockdown is looking weak and most analysts fear the country won’t recover to pre-crisis levels before 2023
20 August 2020 - 05:00
SA failed to return to its healthy pre-crisis growth path after the 2008 global financial meltdown. Instead, its growth potential more than halved. Covid-19 has further eroded that potential by destroying firms and jobs, fuelling concern that the country could take longer to recover from the pandemic than most.
Globally, the initial pick-up in activity has mostly been rapid, though fears of a second wave of infections and consumers’ innate caution are likely to prevent a fully V-shaped recovery around the world...
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.