The world’s major economic zones are under pressure. In China this stems from its overzealous response to the pandemic; in the US, from rapid monetary tightening; and in the eurozone, from the fallout from the Russia-Ukraine war.
All three trends will shape the near-term global outlook as well as SA’s growth prospects this year, but few things will matter more to SA than the extent of China’s slowdown...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Why the Chinese dragon is falteringHow much China’s growth slows depends on how much it stimulates its economy and whether it relaxes its zero-Covid stance. There is a great deal of uncertainty over whether the authorities are ready to do either, writes ClaireBisseker.
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