Compared to 2008-09, South Africa is now less vulnerable to financial contagion as a result of a fresh shock to the global economy, most notably from a break-up of the euro-zone. But at the same time, policymakers have less room to boost domestic demand should the external environment deteriorate.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.