World in recession, and SA under more pressure
The coronavirus disease (COVID-19) pandemic and governments’ reaction to it have pushed the global economy into recession. Whereas it had been estimated to grow by 3% in 2020, it is now predicted to shrink by 3%. It should recover to 5,8% growth in 2021, however. The developed world’s economy is expected to contract by 6,1% in 2020, and recover to
