Economic news of the week: No economic model can quantify the crisis
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In this edition of the Business Day Spotlight, we look at how the extended national lockdown and recent interest rate cuts by the SA Reserve Bank will affect the SA economy going forward.
Our host Mudiwa Gavaza is joined by Nicola Weimar, chief economist at Nedbank to discuss the economic developments of the week.
The discussion begins with Weimar explaining that one the difficulties at this time is trying to quantify the impact of Covid-19 on the local economy. For now, their team are keeping an eye on how the various forms of lockdown have affected other countries as a way to gauge the possible impact on SA.
The discussion also explores the SARB’s interest cuts, impact of the lockdown extension, considerations for investors and corporates at this time, the effect of the lockdown on different sectors and industries, how coronavirus has affected other countries, inflation concerns, ending off with an outlook for the Rand.
Our host Mudiwa Gavaza is joined by Nicola Weimar, chief economist at Nedbank to discuss the economic developments of the week.
The discussion begins with Weimar explaining that one the difficulties at this time is trying to quantify the impact of Covid-19 on the local economy. For now, their team are keeping an eye on how the various forms of lockdown have affected other countries as a way to gauge the possible impact on SA.
The discussion also explores the SARB’s interest cuts, impact of the lockdown extension, considerations for investors and corporates at this time, the effect of the lockdown on different sectors and industries, how coronavirus has affected other countries, inflation concerns, ending off with an outlook for the Rand.
