Recently published research showed that pandemic stimulus failed in emerging markets. Among the top emerging and developed economies, there is no correlation between the stimulus programmes of 2020 and the strength of the ensuing recovery.
The Markets were concerned about the persistent nature of higher-than-expected inflation, its implications for tighter monetary policy, and the eventual negative impact of tighter monetary policy on financial markets.
Given the recent deceleration in COVID-19 cases and the pickup in activity indicators, we believe that the United States (US) Federal Reserve (Fed) will follow through with their planned taper announcement at the upcoming policy meeting in November.
Something we try to do as economists is to observe and to report on shifts in long-term trends. This is an important task because it can help individuals and businesses to make better long-term decisions.
The Economist is a world-renowned magazine that produces, arguably, the best researched content on all things related to economics. Like economics, their content covers a very wide spectrum, from global companies to markets, leadership, internal politics, geopolitics, science, finance, and, of course, economic-specific themes such as monetary and fiscal policy, to name but a few.
Last week, Statistics South Africa (Stats SA) reported on South Africa’s (SA’s) second quarter gross domestic product (GDP). We were glad to see that GDP growth came in better than expected. Consensus believed that growth in the second quarter would be somewhere around 0.9%, when measured against the previous quarter, but was, in fact, 1.2%.
More and more data from major economies in the Northern Hemisphere is showing that economic recoveries have started to lose steam. This is evident from both survey and
hard-activity data that were released during the Northern Hemisphere’s summer break.
Netwerk 24: Sakesiening Ons moet nou maar daarmee vrede maak: Ons geldeenheid, die rand, is besonder wisselvallig soos wat ons weer die afgelope week of twee gesien het. Dit skep baie probleme, insluitende vir die Reserwebank, wat altyd ’n ogie oor die wisselkoers van die rand hou – al ontken hulle dit. Maar ’n […]
Markets in the United States (US) continued to reach new all-time highs in August. In fact, US equity valuations are now nearly as high as they were just before the dot-com meltdown.
During the past week or so, there has been considerable talk about South Africa’s (SA’s) fiscal multiplier, a ratio that illustrates by how much output rises for each level of government spending.
