Latest Breaking News On - Africa december - Page 1 : comparemela.com

Property shows resilience – on a slow path to recovery 2 June 2021 12:20 PM Share This: The recovery of the real estate market is expected to be in line with that of the economy, says Absa’s Klaus-Dieter Kaempfer. During 2020 we all experienced high levels of uncertainty affecting every aspect of our lives – the biggest driver of sentiment change came as a result of the unprecedented rapid development of vaccines, making global economic recovery a more realistic prospect for H2/2021 and onwards. The IMF’s April 2021 World Economic Outlook estimates 6% economic growth in 2021 and 4.4% in 2022 following a contraction of -3.3% in 2020, compared to an earlier estimate of -4.4% as at October 2020, indicative of better than expected economic performance as Lockdowns eased during the second half of 2020. 2021’s stronger growth expectations are driven by vaccine-led recovery in H2:2021. Economic recovery remains divergent as countries and sectors adapt to Loc

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