Despite sustained high interest rates, the US economy continues to outperform. The GDP growth estimate for 2024 was revised higher and is currently around 2.2%, up from 0.9% just six months ago. Although the upward revision was largely driven by the persistent strength of the US labour market, most parts of the US economy continue to record solid growth.
Continue readingCould SA cut interest rates before the US does?
The simple answer is yes. It would not be the first emerging market to do so. Globally, central banks have cut policy rates 52 times so far this year, mostly in developing and emerging markets, including Brazil, Sri Lanka, Vietnam, Georgia, Belarus, Chile, Peru and Poland.
Continue readingRussia’s invasion of Ukraine – An Economic Update
In this webinar, chief economist, Kevin Lings, and J.P. Morgan Asset Management economist, Mike Bell, provided an update on recent developments and the implications for local and global financial markets.
Continue readingEconomies around the world: how will they fare in 2021?
In 2021, the global economy is expected to expand by around 4%, assuming that the current vaccine rollout becomes much more widespread throughout the year.
Continue readingWhy SA should avoid a sovereign debt default
We have been positive in the short- to medium-term on bond returns given valuations, however we recognise the inherent risks of a potential fiscal cliff.
Continue readingEconomic update – A shifting global economy
In this live-recorded webinar STANLIB’s Chief Economist, Kevin Lings, provides a brief update on recent economic developments across the globe and in South Africa.
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