Reviving South Africa's economic growth - we need fiscal credibility, economic reforms and an invest
Global outlook - slightly more positive
Global economic growth has stabilised but remains weak. The slowdown in the United States and China is however expected to be more than offset
by improvement in some large emerging markets, the euro area and the United Kingdom. Inflation expectations remain stable, at or below targets in
advanced economies and trending lower in emerging markets. Consequently, interest rates in many advanced economies are expected to remain low,
which will support global growth. The direction of the US dollar has a disproportionate impact on the global economy as global trade is
priced in US dollars to a large extent. The US dollar is expected to weaken against major currencies, which implies little exchange-rate related inflation
in emerging markets. This will help emerging market economies and global economic growth.
04 Mar 2020
Author Alexander Forbes
