SA is an echo chamber where bad news is amplified, and positive developments ignored. Are we becoming too cynical about the country’s slowly improving prospects? ClaireBisseker reports
The trend in recent years has been for economists to revise down their SA growth forecasts frequently, and for ratings agencies to downgrade the country’s credit ratings consistently. With the government slow to reform, a deep-seated pessimism has taken hold.
But now, despite SA’s multiple challenges, some of the country’s most bearish economists are questioning whether the Sandton consensus has become too cynical...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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