IN THE UK, Prime Minister Theresa May has announced that the formal Brexit process of withdrawing from the EU will begin by the end of March. In the US, the race between presidential candidates Donald Trump and Hillary Clinton is far too close for comfort, with at least a possibility that the bizarre and unpredictable Trump could get elected. The world is an uncertain and volatile place, and — as our own Finance Minister Pravin Gordhan was quick to emphasise at the SA investor conference in New York this week — politics is influencing economies everywhere, not just in SA. Gordhan was heading off to Washington D.C for the annual meetings of the IMF and World Bank, which opened on Thursday. The IMF’s latest World Economic Outlook, released ahead of the meetings, paints a rather gloomy picture and sounds loud warnings about the risks to growth, particularly some of the political risks in advanced and developing economies. In the US and UK, growth has already weakened, even before we kn...
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