Posts Tagged ‘inflation rate’

Week in Review: The K-Shaped Recovery

Economists are pointing towards a K-shaped recovery as opposed to the initial hoped for V-shaped recovery (a sharp bounce back) or a feared W-shaped recovery (a short recovery followed by another downturn). In this scenario there is an uneven economic recovery increasing the divide between the haves and the have-nots, with the winners being the…

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Week in Review: Minister Mboweni Delivers a Grim Assessment of SA’s Finances

On Wednesday, South African Finance Minister Tito Mboweni delivered a grim assessment of the nation’s finances in a special Supplementary Budget Review (SBR) that forecasts a deep South African recession and plunging tax revenues as a result of the Covid-19 outbreak and subsequent lockdown measures. Gross domestic product (GDP) is forecast to shrink by 7.2%…

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