THE PESSIMIST’S GUIDE TO 2017
With political uncertainty and a lack of clarity on South Africa’s economic policy to remain for most of 2017, foreign investors (and rating agencies) are unlikely to become optimistic about the country anytime soon. Meanwhile, in the US, president-elect Donald Trump will start implementing policies that would see its government debt-to-GDP ratio balloon, and the US withdraw from global trade agreements. And, warn the experts, a bear market is lurking. Welcome to the pessimist’s guide to 2017.