SA will avoid recession, says Moody’s
Moody's expects South Africa to avoid a recession this year, the rating agency said in a credit opinion note.
|||Johannesburg - Moody's expects South Africa to avoid a recession this year, the rating agency said on Wednesday in a credit opinion note.
“Despite weak indicators and depressed business confidence that continues to undermine investment prospects, we expect recession to be avoided this year,” Moody's said.
Reuters