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Nolwandle Mthombeni | Hopes of a sharp growth rebound in 2021 dented by Covid-19 resurgence

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Nolwandle Mthombeni
Nolwandle Mthombeni

Economic activity is likely to be muted for much of the first quarter and we can expect a lower growth forecast for 2021, as “The Rona” has reminded us that it is always lurking just around the corner, writes Nolwandle Mthombeni.

This year was forecast as the one where we'd witness the great rebound in our real GDP growth after a deep recession caused by the economic lockdown of 2020. A few days into the new year, there is already a sense that consensus will begin revising growth estimates lower over the next few weeks. As much as we all may try our best to start the new year full of hope and optimism, there remain some sobering difficulties we are still to contend with as Covid-19 continues to be a wrecking ball.

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