South Africa tentatively rebalances as global economy faces recovery
A better global growth environment, combined with some current account improvement and better policy implementation, might lead to an improved outlook for the South African economy in the year ahead, especially compared to last year. This was the overall message at Old Mutual Investment Group’s quarterly investment briefing today. However, this improvement remains tentative based on the threat of existing risks being exacerbated by factors such as policy inaction, inflation and rate hikes.