ISAAH MHLANGA: Fed hikes could trigger US recession — and global uncertainty
Russian invasion of Ukraine gave a stagflation shock to the global economy
When 2022 began I thought it was going to be a year of two halves. The first half was going to be about rising inflation, central banks in the advanced economies beginning to hike interest rates and rising market volatility. The second half was going to be about an accelerated interest rate hiking cycle as central banks’ assessment of inflation transitioned — pun intended — from transitory to persistent, and economic growth concerns.
The Russia-Ukraine war is a stagflation shock to the global economy and has compressed what I thought would be year-long themes into the first half. Beyond the first half the environment is 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.