RAYMOND PARSONS: Looking into the crystal ball: An economic preview of SA’s economy in 2022
Raymond Parsons suggests 10 building blocks that could take the SA economy to a new level
This economic review surveys the economic and sociopolitical factors that have shaped the global economy in general and the SA economy in particular in 2021, thus setting the tone for 2022. At the global level – notwithstanding significant concerns surrounding the new Omicron Covid-19 variant – the challenge now is how to deal with lower growth and higher inflation as many countries grapple with recent economic cross-currents and costly supply-chain disruptions.
Interest rates and monetary policy shifts therefore need to be handled in a sensible manner so as not to precipitate ‘stagflation’. What the first quarter of 2022 has in store for the world – medically, economically and politically – is still highly uncertain...
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.