Investments / Economy

A snapshot of the world economy in August 2021

How to achieve South Africa’s economic growth and employment imperatives

The success of an economy can be measured against a simple mantra: Everyone who wants a job, has a job.

The world faces uneven recovery in the post-COVID economy

The Covid-19 pandemic plunged the world economy into the worst recession experienced in post-war history. However, the World Bank predicts a return to global growth of 5.6% for 2021. This would mark the strongest growth rate in economic activity since 1973 and it would be placed as the strongest paced post-recession recovery in 80 years. Still, it seems that the rate of economic recovery is not evenly spread across the globe.

Robust Q2 GDP data, but outlook far from certain

The second GDP print was relatively robust, with the 1.2% quarter-on-quarter rate close to 5.0% on an annualised basis. The impetus was reasonably broadly based, with improving mobility during the quarter contributing to the consumption.