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Momentum Investments Economies at a glance report - July 2020

03 August 2020 Momentum Investments
Sanisha Packirisamy, Economist at Momentum Investments

Sanisha Packirisamy, Economist at Momentum Investments

Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments

Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments

United States
Although the economy may experience a bounce in the third quarter of 2020 from a loosening of
COVID-19 restrictions, the continued fight against the disease has altered consumer demand patterns in
the entertainment, accommodation and food services industries. The continuing high level of uncertainty
has further stalled investment spending and restrained productivity gains.

To download the Economies at a glance report in PDF for July, click here

 

Quick Polls

QUESTION

The intention with lockdown was to delay or flatten the Covid-19 infection curve and give both the private and public healthcare sectors time to prepare for the inevitable onslaught. Did the strategy work?

ANSWER

No, the true numbers are not reflected. Almost a quarter of South Africans may already have been infected with Covid-19
It’s too soon to tell. We will likely get a second wave with stringent lockdown regulations in place again
Yes, South Africa bought enough time to make a significant difference. We saved lives and have passed our peak. The worst is over
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