The banking crisis in March, although seemingly subdued, has raised concerns about potential systemic risks in the global banking sector, thereby fuelling speculation of an impending global recession. The gravity of this threat warrants a closer examination to determine its validity.
Economic data prints over the last month have been confusing to say the least – in just three weeks the picture changed completely and market sentiment with it. While our industry is known for claiming how notoriously difficult markets and macroeconomics are to predict, in January even renowned.
It was a Friday afternoon when the news that South Africa had been put on the Financial Action Task Force’s (FATFs) grey list didn’t necessarily surprise financial markets. Yet, it was a disappointing moment for us. Initially, market participants dismissed the announcement: the rand, our bond m.
While opposing forces are pulling the global economy in different directions and the global economy is likely to soften from here, based on our assessment of inflation dynamics, labour market trends and market behaviour and a host of other factors, we do not believe a global recession is on the.