Risk Alert | Debt and deficits likely to balloon in Tito's Emergency Budget
22 June 2020 - Dr Frans Cronje discusses this week’s emergency budget, which will likely reveal that economic growth will contract by at least -7% for 2020.
Publication description
Capacity shortfalls at Eskom and a limited appetite for structural reform will put a hard cap on economic growth prospects going forward, he says.
On the international front, Dr Cronje discusses recent clashes on the border between China and India, as well as simmering tensions between North and South Korea.