27 May 2021
Economic update by Chris Holdsworth
For this quarter, Investec’s investment strategist focuses on two key themes globally – the latest Covid numbers in terms of vaccinations and infections as well as inflation that seems to be picking up, with little certainty on what to expect in the next few months.
He also touches on the Chinese and US economies that have bounced back to pre-Covid levels. In SA, the global stimulus is starting to seep into our economy, we currently have a large trade surplus that could result in tax cuts and business confidence is picking up. We have to keep an eye on inflation, but interest rates are expected to remain the same. Eskom and loadshedding still continues to be the damper on our economic growth.