BLEAK OUTLOOK FOR SA ECONOMY PREDICTED

The outlook for the South African economy is bleak and a post COVID-19 recovery will take as long as five years and by that time the local economy will be 8% smaller than it was pre-pandemic. This according to Jeff Gable, the head of Fixed Income Currency (FIC) research at ABSA. He was one of the keynote speakers at the recent Hypermobility 2020 virtual conference organised by Messe Frankfurt and naamsa, in association with AutoTrader who released the 2020 #MobilityUnusual Special Report for free.

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