SA GDP growth surprises a little on the upside, but needs much more impetus

Loading player...
In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses SA’s GDP numbers for Q1, which surprised a little to the upside, and expectations of what economic growth could look like for the rest of the year. He looks at sectoral contributions and notes that manufacturing remains a weak spot in the economy, as manufacturing production also declined, and stresses the need to be closer to other emerging markets at 4% on a sustained basis. He also discusses US inflation (CPI and PPI) for May and the relatively high headline inflation (against a 2% inflation target) as gasoline prices soar. He also discusses the Fed’s meeting this week and pressure on the new Fed chair to cut interest rates.

STANLIB Asset Management (Pty) Ltd is an authorised Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
15 Jun English South Africa Investing · Business News

Other recent episodes

Cash management strategies in an uncertain interest rate environment

Higher oil prices, ongoing geopolitical tensions, and uncertainty around interest rates are creating new challenges for corporate treasurers. In this episode, STANLIB Senior Economist Ndivhuho Netshitenzhe joins Charlene Klöhn, Head of Corporate Cash Solutions, to discuss the economic outlook, interest rate trends, inflation expectations, and practical cash management strategies for…
19 Aug 19 min

US inflation, interest rates and SA’s rising unemployment

What do the latest US inflation data and South Africa’s rising unemployment rate mean for the economic outlook? In this episode, STANLIB Chief Economist Kevin Lings examines the latest US inflation figures, which eased to 3.4%, but remain above the Federal Reserve’s target. He also explores what this means for…
17 Aug 11 min

The future of asset management: What will keep asset managers relevant?

What will keep an asset manager relevant in the future, and who will help shape what comes next? As part of our Women in Focus series for August, The More You Know brings together perspectives from across STANLIB. In this edition, Kau Phuti Portia Boshomane, Eulali Gouws and Kimone Maharaj…
17 Aug 14 min

US interest rates unchanged: What the Fed's latest decision means

In this podcast, STANLIB’s Chief Economist, Kevin Lings explores the US Federal Reserve decision to leave interest rates unchanged at its fifth successive meeting. Kevin highlights a growing credibility issue around Fed chair Kevin Warsh’s statements about being tough on inflation and inaction on tackling it. Kevin also considers the…
3 Aug 16 min

SA interest rates: Could the SARB hike again this year?

South Africa's inflation rate rose to 5% in June, raising questions about the path of interest rates. In this podcast, STANLIB Chief Economist Kevin Lings unpacks the drivers of inflation, the SARB's decision to leave rates unchanged, and whether further interest rate hikes are likely in the months ahead. STANLIB…
27 Jul 11 min