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

This article appears in the Q3 August 2020 edition of our StandPoint publication. Click here to download a copy of the full publication.