The Week in Perspective

The global economic outlook remains downbeat and some countries are expected to slip into recession in 2023, but it is too early to say if there will be a widespread global recession, the IMF said on Thursday.
The IMF in July revised down global growth to 3.2% in 2022 and 2.9% in 2023. It will release a new outlook next month.
In comparison, the World Bank said the world could be edging towards a global recession in 2023 as central banks across the world simultaneously hike interest rates to combat persistent inflation. read more
The world's three largest economies - the United States, China, and the euro zone - have been slowing sharply, and even a "moderate hit to the global economy over the next year could tip it into recession,", it said
Meanwhile US President Joe Biden and President Cyril Ramaphosa are due to meet in Washington today to discuss various top level matters in very changed world as John Kerry has said it’s up to the president to put something on the table for the US8.5bn Just Transition Deal.

Joining Michael Avery for this discussion is Warwick Lucas, Head of Galileo Securities; Isaah Mhlanga, Chief Economist at Alexforbes & Raymond Parsons, Professor in the School of Business and Governance at North West University