HILARY JOFFE: Weight of government debt could be what crushes the economy
15 September 2019 - 00:19
Ask a narrow question, and you get a narrow answer. Ask rating agency Moody's if it plans to downgrade SA's rating, and its analysts will reply that the rating agency has SA's outlook on "stable", and that means it doesn't see itself changing the rating up or down over the next 12-18 months. But we knew that already. The big question is: will the outlook still be stable after the next Moody's update on November 1? Most economists put the chances at less than 50%...
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