SA Q2 GDP disappoints as US inflation stays sticky
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In this podcast, STANLIB Asset Management's, Chief Economist, Kevin Lings examines South Africa’s disappointing Q2 GDP growth and persistently high US PCE inflation. South Africa recorded declines across key sectors, including mining, manufacturing and retail activity, with STANLIB forecasting economic growth of just 1.1% for the full year.
In the US, PCE inflation remains above the Federal Reserve’s 2% target, with markets pricing in a 25 basis point interest rate hike later this week. Kevin Lings discusses what the latest economic data could mean for South African growth, US inflation and interest rates.
STANLIB Asset Management is an authorised financial services provider.
In the US, PCE inflation remains above the Federal Reserve’s 2% target, with markets pricing in a 25 basis point interest rate hike later this week. Kevin Lings discusses what the latest economic data could mean for South African growth, US inflation and interest rates.
STANLIB Asset Management is an authorised financial services provider.
