Warning of tough economic times ahead
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.