Coronavirus impacting on SA's growth

File: Moody's now expects the economy to contract by 2.5 percent.

File: Moody's now expects the economy to contract by 2.5 percent.

AFP/Emmanuel Dunand

JOHANNESBURG - The coronavirus is also impacting on the country's growth.

Ratings agency Moody's has cut the growth forecast for South Africa to 0.4 percent.

READ: What you need to know about coronavirus

That's down from 0.7 percent.

Moody's says fear of contagion will dampen consumer and business activity.

It's revised the forecast for all G-20 economies.

Source
eNCA