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Property shows resilience – on a slow path to recovery


Property shows resilience – on a slow path to recovery
2 June 2021 12:20 PM
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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 se ....

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Statistics: If one only studies uses and not abuses, one might be misguided


By Prof Utpal K De, Dr Arjun Kumar
Everyone is well aware of the uses of statistics how data is used to reveal some facts like changes of some variables over time and across communities depending on various aspects of society. Also, data is used to correlate various factors and form welfare policies. However, there are several abuses of statistics too. For example, a positive change in any aspect might directly be credited to its respective policy.
However, we ignore the other side impacts or external factors due to which the change might have occurred. If one excludes these factors, one might realise that the policy, by itself, might have had minimal impact. ....

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