Saturday, November 26, 2011

Warning of tough economic times ahead

Lusanda Bill
26 November 2011


Reserve Bank Governor Gill Marcus has sounded a warning about what she describes as a dark cloud that threatens to engulf the global economy.

Parties at the National Economic Development and Labour Council will map out a joint strategy to help cushion South Africa’s economy.

Marcus says Europe is already in the throes of a light recession.

She warns that policy makers have limited economic room to plan as dreadful debt to gross domestic product ratios pose a threat to growth.

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