PDA

View Full Version : Rand Slips on Bets Economy Fell Into 1st Recession in 17 Years - Bloomberg



NewsWhore
05-26-2009, 04:51 AM
<img alt="" height="1" width="1">
Rand Slips on Bets Economy Fell Into 1st Recession in 17 Years (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaMEe1b...0fs%26refer%3Dafrica&cid=1358941595&ei=ALAbSsv6JoqwNd3a7KgF&usg=AFQjCNHSyAAQcg7Mi5Tx_z60NMA4H061fA)
Bloomberg
“We expect to see quite a severe contraction in the economy and that could feed through to the rand,” said Kay Walsh, an economist and currency researcher at Rand Merchant Bank in Johannesburg. “If the GDP numbers are worse than expected, ...


More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaMEe1b...0fs%26refer%3Dafrica&cid=1358941595&ei=ALAbSsv6JoqwNd3a7KgF&usg=AFQjCNHSyAAQcg7Mi5Tx_z60NMA4H061fA)