Economic lifelines in 2020. How does SA stack up? [Charticle]
A review of stimulus packages in 2020 relative to size of economy (as a % of GDP)
- Unprecedented financial support from governments worldwide to ease the impact of COVID-19-induced lockdowns has been remarkable in both speed and size.
- Considering the stimulus packages relative to size of economy (as a % of GDP) shows SA is not far behind developed market counterparts.
- Global markets have also been beneficiaries of the liquidity support and have rallied on the hope of the discovery of a vaccine in the near term.
- The South African government’s economic stimulus package will undoubtedly support an already fragile economy. What remains to be seen is whether these economic lifelines are enough to stimulate a much-needed recovery