Ina Opperman
What is next for punch-drunk consumers? Stagflation or deflation due to slow economic growth and increasing inflation?
Is South Africa heading for stagflation or deflation or both? Rising inflation and slow global economic growth, after one of the quickest recoveries following one of the fastest bear markets thanks to the pandemic, is making experts ask the same question. Both are possible and both will have a material impact, which investors will need to plan for, says Adriaan Pask, chief investment officer at PSG Wealth. “Globally, we have seen central banks aggressively raise interest to bring inflation down, giving rise to the possibility of not only lower economic growth, but also potential recession, particularly in the United States...
