South Africa’s business mood recovers – but now faces Ukraine war risks. (BT)
“The stagflationary shock brought about by Russia’s invasion of the Ukraine has now triggered a significant degree of uncertainty around global, and by implication, South Africa’s gross domestic product growth prospects,” said Ettienne le Roux, RMB’s chief economist. “This is most unfortunate as it happens at a time when the economy seems to have been well on its way to a full recovery from the significant output losses incurred in 2020.” Click here to see full article.
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