THE popular view is that economics is known as the “dismal science” thanks to historian Thomas Carlyle, who started using the phrase in response to the "dismal" prediction of 19th-century scholar Thomas Malthus.
Malthus predicted that the rate of growth in the population would outstrip the rate of growth in the food supply, and so mass starvation would result.
The efficient markets hypothesis suggests that where assets are traded in organised markets, prices take account of all available information.
Thus, I believe it logical that when the Economist Intelligence Unit (EIU) conducted a global survey on 647 executives in November 2013 about their expectations for business conditions in 2014, the executives took account of all available information.
Of respondents in the survey, 29% were based in Europe, 24% in Asia, 22% in North America, 13% from the Middle East and Africa and 12% from Latin America. The results of the survey show that South Africa ranks tied third (with America) in terms of where the greatest growth opportunities lie. READ MORE
Source: Fin24.com. #IFAMAFRICA
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