All South Africans, including the real estate sector, are following closely the latest news on the global and expected local economic impact following the rapid spread of the highly contagious novel coronavirus disease (COVID-19) across the globe.
This week international ratings agency Moody’s said they predict a worldwide recession as more countries are forced to impose restrictive measures to curb the infection rate of the virus. The World Health Organisation (WHO) this week declared the novel coronavirus a pandemic.
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