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Up to 300,000 job losses are predicted this year, and the ANC government will be poorly placed to splurge on major new spending, with the International Monetary Fund predicting the economy will contract by 0.3% in 2009.
Hochberg is recommending shorting the IDU exchange traded fund, predicting a drop below the Oct. 2002 lows.
Bond guru behind world's largest mutual fund predicting U.S. economy will experience prolonged period of lackluster growth, lean corporate profits.
Historian Timothy Garton Ash argued in 2011, pointing to factors such as the International Monetary Fund predicting that China's GDP (purchasing power parity adjusted) will overtake that of the United States in 2016, that a power shift to a world with several superpowers was happening "Now".
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But Pimco, the world's largest bond fund, predicts the fall will be more like 5%-105%-10%
The fund predicts eurozone growth of 1.2% this year, down from 1.3% in October.
On Tuesday, the International Monetary Fund predicted two years of recession for Italy.
The fund predicted growth of 2.7 percent in the United States and 10 percent in China.
Mr. Tice, who created the Prudent Bear fund, predicted that broad market indexes could fall an additional 30percentto40percentcent.
The International Monetary Fund predicts Australia's economy will grow by 3% this year, a standout among developed nations.
In its 2011 forecast, the International Monetary Fund predicted that the European economy would grow by 2.1% in 2012.
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