FNB has released its market outlook report, stemming from its observations in the first quarter. It notes that global growth has peaked, and is now seemingly decelerating, although growth is not heading to a point of collapse. South Africa is a small open economy and relies heavily on the good fortunes of a globally buoyant economy.
So, what does the current situation mean for commodity-exporting markets like South Africa? And with the US-China trade war raging on, could South Africa’s economic growth project be further derailed as a result? Mamello Matikinca-Ngwena, chief economist at FNB, discusses the latest findings of the report with Nompu Siziba.