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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.