Moody’s sees S.Africa GDP shrinking 6.5%
Ratings agency Moody’s
cut its forecast for South Africa’s economy to a 6.5%
contraction in 2020, and said the country’s 500 billion rand
($26.29 billion) rescue package will weaken its public finances
and constrain government’s ability to provide support to
state-owned firms.
cut its forecast for South Africa’s economy to a 6.5%
contraction in 2020, and said the country’s 500 billion rand
($26.29 billion) rescue package will weaken its public finances
and constrain government’s ability to provide support to
state-owned firms.
Posted by Reuters
