PWC economist Christie Viljoen talks about SA’s economy and the outlook for Africa
10 July 2020 - 16:42In this edition of the Business Day Spotlight, we’re looking at the state of Africa’s economy in light of recent data.
PMI reports are based on the results of questionnaires sent to purchasing managers at private sector companies. The PMIs are some of the earliest data releases for a given month and are usually released within the first week of a new month. Viljoen explains that this is because the rate of infection has been less on the continent, owing to lower global integration, unlike SA which has seen a swift rise in Covid-19 infections in recent weeks and is heavily susceptible to headwinds in overseas markets.
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