In this edition of Business Day Spotlight, we’re looking at prospects for the SA economy in the coming year.Join the conversationThe discussion begins with a look back at 2020 in the economy. Like many other countries, SA lost a lot of ground during the year, driven by the impact of the Covid-19 pandemic. With the virus still wreaking havoc, the economy looks set to continue its slide, Packirisamy explains.
That said, the rollout of the vaccine is going to be very important as it might help to improve sentiment, she says. The way in which this is done will be crucial as government has few resources to rollout stimulus to the extent proposed in places like the US.This discussion touches on the implications of the US election where Joe Biden will soon be inaugurated as president, taking over from Republican, Donald Trump.
We discuss the role of stimulus in the US versus in SA, how SA’s has done in relations to emerging market peers and developed nations, the state of public finances, outlook for the upcoming inflation numbers and the Reserve Bank’s interest rate decision.
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