1887

n Professional Accountant - Economic outlook for 2009

Volume 2007 Number 1
  • ISSN : 1680-7537

Abstract

2009 is likely to be another tough year for the Rand. The current account deficit problem remains and funding is becoming increasingly difficult. We look for USD / ZAR10.50 at the end of the year, but with volatile trade between 9.00 and 12.00. Immediate pressure is to the downside of this range but, looking further out, risks remain heavily biased to the upside, with moves possibly triggered by emerging market contagion. This is according to the Rand Merchant Banks Financial Markets Research Division whose findings are summarised below.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/account/01/1/EJC16590
2007-01-01
2019-09-20

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error