SA economy stays sluggish; US still adding jobs
Loading player...
In Q1 2025, the South African economy grew by 0.1% q/q and by 0.8% y/y. Over 10 years, it has grown by 0.7% a year on average while the population is growing at 1.4% a year. STANLIB Chief Economist Kevin Lings discusses sector-specific performances and policies that could stimulate growth, including infrastructure investment and deregulation.
Latest US labour market data shows the economy continues to add jobs faster than the growth in new entrants. In May, the unemployment rate was unchanged at 4.2%. However, there are signs it is getting harder to find new jobs. Kevin suggests that higher trade tariffs are likely to weaken US growth this year, but not cause a recession.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
Latest US labour market data shows the economy continues to add jobs faster than the growth in new entrants. In May, the unemployment rate was unchanged at 4.2%. However, there are signs it is getting harder to find new jobs. Kevin suggests that higher trade tariffs are likely to weaken US growth this year, but not cause a recession.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
