News Formal

Economic rebound enough for 1% growth, Old Mutual Investment group says

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

Higher growth will largely be based on the rebound in consumer spending and private-sector fixed investment spending.

The Old Mutual Investment Group is confident the rebound in the economy in the second half of the year will be strong enough to see growth of almost 1%.

Despite a steep contraction in the first quarter of 2019, slower than expected policy reform and negative news around National Health Insurance, Eskom and the debt relief bill, Old Mutual Investment Group has not revised down its growth forecasts for this year or next. “The next five years are still expected to be better than the past five years but urgent reforms are crucial,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Old Mutual heading to court after barring Moyo from returning to work | IOL Business ReportThe 174-year-old insurer prevented Moyo from going to work, despite Friday’s order that rejected its efforts to keep him out of his job.
Source: IOL - 🏆 46. / 51 Read more »