Tag: Keith Wade

Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted.

People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? I discuss what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is.

The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating.

Following the news of last week’s assassination of Qassem Soleimani, the head of the Iranian Revolutionary Guards’ overseas forces, South African Finance Minister Mboweni took to social media in a series of tweets stating that escalating tensions between the US and Iran will negatively impact on the global economy, including the South African economy.