CAUTIOUS OPTIMISM - BIG POTENTIAL & BIG STUMBLING BLOCKS
STANLIB’s Chief Economist, Kevin Lings joined Grant Alexander recently to discuss their views on economic growth, as well as reasons to be hopeful and the obstacles we still need to overcome. Kevin investigated buoyant global trade flows, surging US consumer spending and strong commodity prices and why they present compelling reasons for optimism, both globally and domestically, as the third quarter of the year approaches.
A year after the worst economic blows of COVID-19, data releases are vindicating the optimists who predicted a “V-shaped” recovery. However, the picture is not altogether rosy, careful policy choices will be needed to ensure the USA and South Africa’s economic growth does not fall off a cliff after 2022.
Watch a recording of the webinar here