OPINION | Polycrisis calls for a switch in investment strategy in 2023 | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 80%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

After an annus horribilis of epic proportions, what can we expect from 2023? The news isn’t great, writes Greg Dart. | News24_Business

After an annus horribilis of epic proportions, what can we expect from 2023? The news isn’t great, writesAfter two awful years of a world turned upside down by Covid-19, 2022 was supposed to be our big comeback.

The South African outlook is even less favourable, with further cuts expected to the official growth forecast of around 1.9%. In late December, Fitch predicted a 1.1% economic growth rate for the country. Remember all the unforeseen consequences of the pandemic across social, judicial, technological, economic and political spheres? Covid created an unprecedented global polycrisis, made infinitely worse when Russia invaded the Ukraine.

An example is real estate, which is by a wide margin the largest asset class in the world. Global real estate investment is valued at close to US$360 trillion, with the lion’s share invested in residential property.And despite a cumulative interest rate rise of 350 basis points since November 2021, last year South Africa’s real estate market stood out as the one vibrant investment sector in an otherwise flat economic landscape.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

_Business PromPromo promo promo🔥🔥 Invest $2000 now and get $20,850 Offer last only for 10 people 👇obrikihenry1

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The annual Premier Rugby Tournament launch kicks off in Gqeberha - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The 2023 edition of the Eastern Cape Super 14 has been launched in Nelson Mandela Bay.
Källa: SABCNews - 🏆 37. / 51 Läs mer »

Hot stocks 2023: The year of investing dangerouslyAfter the horror show of 2022, investment analysts are generally wary of market prospects in the year ahead. With much still up in the air, defensive stocks may be the way to go ...
Källa: FinancialMail - 🏆 20. / 63 Läs mer »