国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Moody's expects S. Africa's growth to be below 1 percent

Source: Xinhua| 2018-09-13 23:53:06|Editor: yan
Video PlayerClose

JOHANNESBURG, Sept. 13 (Xinhua) -- Ratings agency Moody's Investors Services said on Thursday that South Africa's growth will come in positive for 2018, but below 1 percent, following a surprise contraction in the first two quarters.

"Growth is going to be below 1 percent, to what extent it's difficult to say," Lucie Villa, Moody's senior analyst with the firm's sovereign risk group, told a presentation in Johannesburg on Thursday.

Villa expected South Africa to dodge a credit rating downgrade in the near future as the economy picks up, albeit slowly.

"We think things look fairly stable and see a small chance of a ratings move -- either up or down -- in the next eight months," Villa noted.

South Africa will have general elections next year, and that will weaken the country's business confidence, said the ratings agency.

Moody's is of the view that global growth will remain buoyant and that will also be positive for the country's economy.

However, Moody's cautioned: "There was pressure on the fiscus before the economic recession, and there will be even more pressure now."

Meanwhile, Moody's believes that South Africa's budget deficit will reach about 4 percent this year, higher than budgeted, but lower than 2017.

The government's debt burden, as measured by debt-to-GDP, will remain "broadly stable" at 55 percent.

"The country has a good track record of maintaining fiscal deficits," Villa said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521374659751
主站蜘蛛池模板: 大荔县| 江西省| 兴和县| 波密县| 疏勒县| 巫山县| 安乡县| 昆山市| 平原县| 彰化县| 米林县| 九江县| 石楼县| 军事| 绥宁县| 平山县| 沾益县| 满城县| 南雄市| 城固县| 七台河市| 桂阳县| 新源县| 深泽县| 灵台县| 滦南县| 敦煌市| 蓬溪县| 澄迈县| 甘洛县| 忻州市| 赣榆县| 泗洪县| 巴彦淖尔市| 中牟县| 和林格尔县| 黑山县| 濮阳县| 肃宁县| 无锡市| 稻城县|