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South African economy faces severe recession in 2020

Tuesday, March 31, 2020

A ratings downgrade comes amid a nationwide lockdown to combat the COVID-19 crisis

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In this article

  • Vicious spiral?
  • Battered economy
  • Fiscal upheaval
  • SARB's intervention
  • Outlook

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.

South Africa President Cyril Ramaphosa addresses South African Defence Force members before their deployment ahead of a nationwide lockdown, Johannesburg, March 26 (Reuters/Siphiwe Sibeko)
South Africa President Cyril Ramaphosa addresses South African Defence Force members before their deployment ahead of a nationwide lockdown, Johannesburg, March 26 (Reuters/Siphiwe Sibeko)
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