The real concern is that it becomes a precursor to an economic recession 🔒
An old enemy is stalking the global economy and SA could be caught in the middle.
The double shock of Covid-19 and Russia’s invasion of Ukraine, two events that induced a series of negative aggregate supply shocks that have curtailed production and increased costs, has led to a bout of global stagflation — a situation in which the inflation rate is high, economic growth slows and unemployment remains steadily high...
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