This is the REAL state of the nation (by Standard Bank's Chief Economist)

It’s been six years since the world economy emerged from its deepest post-war slump, yet the revival remains reticent.

South Africa’s economy is at a near stand-still, a reflection of global distress and domestic fault lines.

Chillingly, there is a swelling disquiet among citizens.

The Money Show’s Bruce Whitfield interviewed Goolam Ballim, Chief Economist at Standard Bank.

Ballim gave his view regarding the state of the nation.

Scroll down for quotes from the audio below.

Global growth is going to be low for many years.

Goolam Ballim, Chief Economist at Standard Bank

Secular stagnation is a feature of the global growth orientation.

Goolam Ballim, Chief Economist at Standard Bank

Monetary policy has lost its potency. You can’t go lower than zero.

Goolam Ballim, Chief Economist at Standard Bank

Businesses will have to learn to make money without a rising tide.

Goolam Ballim, Chief Economist at Standard Bank

I think China will experience a mild uplift in 2016.

Goolam Ballim, Chief Economist at Standard Bank

Business and Government in South Africa are finding ways to work together.

Goolam Ballim, Chief Economist at Standard Bank

We have a date with destiny on 24 February.

Goolam Ballim, Chief Economist at Standard Bank

We need to show fiscal probity.

Goolam Ballim, Chief Economist at Standard Bank

We need to grow out of our challenges.

Goolam Ballim, Chief Economist at Standard Bank

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This article first appeared on 702 : This is the REAL state of the nation (by Standard Bank's Chief Economist)


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