Executive Summary The IMF reduced its global growth forecasts yet again in July, with growth of 3.2% expected in 2019, and 3.5% forecast for 2020 (both down 10bps since April). The most significant downward revisions to the growth outlook were seen in the EM space: Russia, Brazil, Mexico, and SA saw a cumulative 290bps [...]
Executive Summary The World Bank reduced its growth forecasts in June due to the trade conflict between the US and China – between them, the two countries account for more than a third of global economic activity. Global growth is now forecast at just 2.6% for 2019 from 2.9% previously forecast. The Fed has [...]
Executive Summary Last month, we noted an uptick in headline global inflationary pressures that was not mirrored by a rise in core or underlying inflation.However, core inflation edged higher in April in both the US and the Eurozone, while core CPI in the UK remained elevated.The Easter holiday shopping season played a [...]
Executive Summary Inflationary pressures picked up in March and April due to higher energy costs in the West and elevated food inflation in some Asian countries. In its latest World Economic Outlook (WEO) release, the IMF revised its global growth projection down to 3.3% for 2019 from 3.5% previously, predominantly as a [...]
Executive Summary Despite the recent uptick in the international Brent price, it is still 2% lower than it was a year ago. Global growth is easing, and demand-pull inflation is receding, dampening the global inflation trajectory. Furthermore, global commodity prices remain low because of the slowdown in key consumer, China. All these [...]
https://www.youtube.com/watch?v=STkuIYIa_uE By James Geldenhuys, Head of Aircraft Finance; Nedbank CIB Africa comprises 2.2%* of the global market in terms of Revenue Passenger Kilometers (RPK), which measures actual passenger traffic. This might be a small number on a global scale but is certainly substantial on its own. According to Boeing’s recent Market Outlook, 1190 [...]