Business Maverick: The spectre of stagflation is haunting South Africa and the alternative is also scary

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 84%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Business Maverick: The spectre of stagflation is haunting South Africa and the alternative is also scary By Ed Stoddard

An economy can weather a lot of storms, but stagflation can hit it like a tsunami. The concept broadly refers to a state of affairs where the economy is barely growing or contracting, jobless rates are high and inflation – which should be subdued in such an environment, according to classical economic theory – accelerates rapidly.

This is probably optimistic given the threat posed by load shedding and potential ratings downgrades, among other things. With this backdrop, one would expect inflation to be nothing but moderate, perhaps even dis-inflationary. But pressures are building in the price pipeline. On Thursday, Statistics South Africa released producer price data for March.

The main measure of consumer inflation, CPI, was 4.5% in March, up from 4.1% the previous month, so it is also bubbling. This does not mean it will come to a boil. Higher producer prices may not automatically get passed onto consumers, in large part because of the bearish factors weighing on prices in the first place.“This makes it almost impossible to pass on those increases without losing market share. “ This means that producers have to find ways to trim costs and boost productivity.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

No clear policy and leadership ! Just corruption from thieving, bent MYANC and CyrilRamaphosa who can’t stop it and won’t! MoodysAnalytics MoodysAnalytics WSJ business PIMCO FT Davos GoldmanSachs jpmorgan

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

BUSINESS MAVERICK: China, South Africa and the middle-income trapChina and South Africa seem so distant and so different. Chinese economic growth has been fabulous; over the past decade, South Africa’s has been miserable. China is enormous; SA is small… and so on. But in one singular respect, China and South Africa are similar — they may be both caught in the middle-income trap. If there is such a thing.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Gold worth billions smuggled out of AfricaBillions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – Reuters analysis has found. David Lewis, Ryan McNeill and Zandi Shabalala report on the extraordinary and rising problem of gold smuggling out of Africa. It used to be called 'artisanal'. Now its big business.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Banks Entice South African Millennials With Rap, Free FoodFrom free burgers and ride-hailing services to hip-hop concerts and discounted gasoline: South African banks are going all out to win customers as competition hots up.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. You cannot change the past, but you can change the future. Stop digging in the past otherwise this country will stay in the past As I’ve recently learnt the truth around the world is that first you need a liberator to set you free the you need freedom from your liberator... voteforchange ..And also can we talk about our successes?! GrowSouthAfrica GrowGauteng VoteANC
Herkunft: eNCA - 🏆 49. / 51 Weiterlesen »

Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. Only on FREEDOM day.... May 8 unfinished business ANC will be re-elected Freedom to employ Bell Pottinger
Herkunft: eNCA - 🏆 49. / 51 Weiterlesen »

Madagascar celebrates 25 years of South Africa's democracy - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa and Madagascar have met to celebrate 25 years of South Africa's democracy. South Africa’s African fans
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »