Tuesday 10 December 2019
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dailymaverick - 23 days ago

OPINIONISTA: Allow the rating downgrade and use it to the advantage of the country

South Africa’s GDP growth rate has for the past five years battled to rise above 3.5%. Any celebrations of a dodged recession are premature. Treasury has insisted on implementing austerity measures on an economy that is battling to grow. For anyone who understands basic economics, this policy stance is counter-intuitive.


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