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SA economy in V-shaped recession with W-shaped recovery

Business Insight 4 months ago

There is no reason for optimism about the Johannesburg Stock Exchange and the country’s economy.


14 Sep 2020
PREMIUM!
SA economy in V-shaped recession with W-shaped recovery

Picture: Moneyweb

South Africa is currently in a V-shaped recession, although it is more likely that our recovery will be W-shaped. A V-shaped economic recession starts with a sharp decline, followed by a strong, fast recovery that is generally fairly quick and describes the shape of the market’s performance. A W-shaped recession and recovery represents a double-dip. “I have even heard the square root sign being used to describe the recession and recovery. This is all a bit academic when the recovery for most people will be L-shaped. On the other hand, does it really matter when South Africa has such deep-rooted,...

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