S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns
Channel: Engineering News
Date: 2016-05-24

A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding of around 200 000 more jobs.