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The head of the World Bank said that it will be very hard for many countries around the world to avoid recession. The World Bank is forecasting that growth for the rest of this decade will be below what it was for the last decade. Growth in the United States and Europe is forecast to slow down, but they say that emerging nations, and SA is clearly one of them, will have the toughest time as a result of the problems that arose from the Covid pandemic and now the war in Ukraine. To make matters worse, the money that governments owe is increasing and increasing interest rates are going to further increase those debts.
Posted by Michael de Broglio on Tuesday 02-Aug-22
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Comments
Megan said:
on Monday 05-Sep-22 12:16 PM
This topic hits close to home but it’s a reality, prices and the cost of living is only going up and it extremely hard trying to keep head above water .It’s getting harder to survive. The cost of living has become extremely hard, from fuel going up and the normal day to day living is going up
Prishani said:
on Wednesday 31-Aug-22 10:42 AM
This is a depressing topic but it’s a reality, prices and the cost of living are soaring and it is extremely hard trying to keep up.
Daniella said:
on Monday 29-Aug-22 02:08 PM
Some people barely survived the post covid economy, now talks of a recession really quite scary.
Melissa van Tellingen said:
on Tuesday 23-Aug-22 04:50 PM
I know that a lot of South African households have been feeling the pressure for a while. Everything is going up and it's hard to keep up. Fuel, electricity, food and everything in between!
Alexis said:
on Friday 12-Aug-22 01:55 PM
It has become s expensive to live these days and we are all suffering and just trying to cut costs where we can in order to survive. One can only hope that something changes for the better at some point
franzelle said:
on Thursday 11-Aug-22 07:36 AM
It’s getting harder to survive.The cost of living has become extremely hard, from fuel to electricity.
Bianca Taljaard said:
on Thursday 11-Aug-22 07:31 AM
The cost of living has become extremely hard, from fuel to electricity, never did I ever think that I was going to pay R20 for a bread. It is insane
sandra said:
on Monday 08-Aug-22 03:48 PM
It is funny that now in America and on the news they define "recession" as something else than prior to this year. However, I do believe America is in recession and other countries close on its tail.
Mary said:
on Monday 08-Aug-22 03:47 PM
So hard to survive nowadays, iyoo iyoo!!!
lauren said:
on Monday 08-Aug-22 03:39 PM
The cost of living is already so high in South Africa. I cannot imagine what life would be like should things worsen.
Danielle said:
on Friday 05-Aug-22 04:13 PM
Things are just getting harder for us here in SA. It’s getting harder to survive
Jessica said:
on Friday 05-Aug-22 03:29 PM
Well our country is always taking loans on our expense, what more could we expect. Like the COVID "relief" fund. But anyways.
Lucretia said:
on Wednesday 03-Aug-22 01:32 PM
I must say, the future is looking a little scary at the moment. I find I am becoming increasingly depressed watching the news and listening to the news on the radio. One wants to stay updated with what is going on but at the same time, it is extremely depressing. I feel I am poorer now than I have ever been before......sad but true.
Roxanne said:
on Tuesday 02-Aug-22 04:37 PM
The inflation of thing is absolute madness. How do they expect people to survive with the unreasonable cost of living?
Ashleigh said:
on Tuesday 02-Aug-22 02:06 PM
It is sickening. So hard to survive nowadays.
Fikile said:
on Tuesday 02-Aug-22 11:04 AM
Things are bad in South Africa and the fight between Russia and Ukraine is not making it anywhere easy but it makes it worse. The economy has not been good to anyone and yet it keeps getting worse and worse. I think with the way things are going people are going to be fired again
Bianca Niemann said:
on Tuesday 02-Aug-22 10:16 AM
Getting harder and harder to just survive.
Clare said:
on Tuesday 02-Aug-22 09:01 AM
This is so bad, life here in SA is getting so bad. What once cost me R1000.00 a week is now R1800.00 a week. Petrol is a Killer. I have no clue how we are going to push through. Just got to keep faith.
david said:
on Tuesday 02-Aug-22 07:27 AM
interest rates going up? excellent news for those with savings. pity i have none...
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
