20 Aug 2020
Economic update | Covid-19’s impact on the local and global business landscape
The global outlook is one of unsynchronised economic recovery, says Investec Chief Economist (SA) Annabel Bishop. She predicts patchy outcomes between economies as some economies recover faster than others. She highlights what businesses will need to prepare for.
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There are some positives on the horizon, but we have to be aware that the uncertainties have not passed.
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Annabel Bishop, Chief Economist for Investec in SA, delivers an economic update within a global and South African context - with special focus on businesses.
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We cannot expect an immediate rebound, she says, but a slower and unsynchronised recovery between economies as we experience the lagged effect of the Covid-19 crisis.
And risks for the business sector in this new environment include weak expenditure, decreased consumer demand and more job losses.