Market data including bonds and fuel prices
That turnip Mapisa-Nqakula has confirmed beyond any doubt that the party cannot be renewed or rehabilitated
But advocate Mpofu says justices must accept former prisons chief granted parole correctly
Provincial chair elect indicates he will support Ramaphosa’s re-election as ANC president
Business Day TV talks to independent analyst Loyiso Mpeta
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Some in the industry believe a ban on the export of scrap will mean a more competitive steel industry, with lower prices passed on to consumers
Washington targets chief of staff Nathaniel McGill, chief prosecutor Sayma Syrenius Cephus and Bill Twehway, MD of Liberia’s National Port Authority
Veteran seamer believes he still has plenty to offer despite turning 40
Porsche Taycan Turbo S laps the famous German circuit in seven minutes and 33 seconds
Stagflation worries dominate market chatter as inflationary pressures continue to emerge and surge. Stagflation is the worst combination of growth and inflation trends for economies. Under this scenario, inflation rises even as growth slows. This forces procyclical monetary policy tightening, where hikes further dampen an already soggy growth outlook. When economies lack fiscal space, as is now the case in most of the world, GDP growth is left to drift lower, and the outcome is negative for economic welfare, financial conditions and risky assets.
In developed economies the hope and expectation is that inflation will moderate next year as the effect of the Covid crisis fiscal and monetary accommodation abates. However, the risks to the outlook are huge. Policymakers have never put as much fiscal and monetary stimulus into the modern global economy as they did this year and last. They have consequently also never had to unwind it...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.