SA’s GDP growth outlook dims as coronavirus spreads
the global impact of the coronavirus (Covid-19) has quashed the chances of a recovery in South Africa’s economy this year, as Chinese demand for the country’s exports weakens, the supply of key imports is disrupted, and both leisure and business travel take a severe knock worldwide.
Economists have slashed their growth estimates for 2020, and Moody’s Investors Service cut its forecast for SA to 0.4% from 0.7% – just a notch above last year’s feeble increase of 0.2%, which was the lowest since the global financial crisis a
