ANNABEL BISHOP: Inflation and interest rates could be silver lining in 2023
Fed chair Jerome Powell’s expected more dovish approach is a positive development, but for SA growth much also depends on domestic politics
08 December 2022 - 05:01
Risk factors unwinding now could well lead to a better outcome for 2023 than what’s expected now, with inflation and interest rates having the potential to surprise lower.
This year, the sharp rise in the cost of living globally came as a shock. Consumer inflation in 2022 was far higher than expected (now forecast at 8.3%). At the beginning of the year the forecast was 3.9%. These projections are collated by FocusEconomics and are mean averages of projections of economic international forecasters surveyed...
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