Continued growth in China and India will support the local economy while advanced economies contract by 3.8 percent this year, according to Reserve Bank governor Tito Mboweni.
Mboweni, who last week cut the repo rate by a further 1 percentage point to 8.5 percent, linked South Africa’s fortunes to those of the global economy, which was in a “severe synchronised downturn”.
Posted by rldaly 
