Mining News

WoodMac’s Maade expects economy to bounce back in 3 years if risks are mitigated

Despite the most aggressive policy tightening cycle in decades, research and consulting firm Wood Mackenzie (WoodMac) metals and mining markets head Derryn Maade has said the global economy is expected to manage a “soft landing pace of growth”, easing back to pre-Covid-19 trends within the next three years. Speaking at the Junior Indaba in Johannesburg on June 2, he warned that several risks remained in the path of achieving this and that the risks were largely skewed towards the downside.

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