Global stagflation risks a threat to SA with its own challenges
The real concern is that it becomes a precursor to an economic recession
05 May 2022 - 19:20
An old enemy is stalking the global economy and SA could be caught in the middle.
The double shock of Covid-19 and Russia’s invasion of Ukraine, two events that induced a series of negative aggregate supply shocks that have curtailed production and increased costs, has led to a bout of global stagflation — a situation in which the inflation rate is high, economic growth slows and unemployment remains steadily high...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.