South Africa’s public debt ratio will rise sharply this year and it would take an implausible degree of austerity or reduction in borrowing costs to stabilise the debt ratio in the following years. A debt crisis isn’t imminent, but it could be precipitated if there is a swing towards economic populism.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services