Monday, June 06, 2016

Atleast S.A recession is uprading

Nontando Mafanya
06 June 2016

Ratings agency Standard & Poor's Global says it does not see South Africa's economy slipping into a recession any time soon but has warned that economic reforms need to be implemented to avoid a downgrade in December.

On Friday, the agency decided to keep its outlook for South Africa unchanged at BBB-minus with a negative outlook, meaning the country avoided junk status.

Economist Kevin Lings says it may be optimistic to say the country is completely out of the woods when it comes to a recession.



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