Economic Outlook for 2017 – a View
In this 5.39 minute video Kevin Lings, Chief Economist at STANLIB presents their economic outlook for 2017. Click here for the video.
The salient points are:
World growth is expected to improve to 3.5% up from 3.1% (in line with the long term average).
2016 Was an Eventful Year…
The graph below shows the major events in 2016 that influenced the performance of the JSE All Share Index. Click here to view the graph.
Source: Fin24. Samantha Pauwels, Portfolio Manager Cannon Asset Managers.
Taking Stock of the Fourth Quarter, 2016
In South Africa and around the world, this quarter was a financial and political rollercoaster ride…
The SA Reserve Bank left the repo rate unchanged at 7% in November. In total, the SARB has raised interest rates by 200bps since January 2014. Notably, the SARB may be at the peak of its rate hiking cycle. At this stage, rate cuts are not expected in 2017.
Now Is the Time to Keep a Clear Head…
Shaun le Roux from PSG Asset Management advises investors to keep calm amidst the chaos. (The following is an abridged version of an article from Moneyweb).
For South African investors, the headline news at the moment is almost universally bad. Politically and economically, the country is facing very challenging times.
Review of Asset Class Returns
- Asset class returns over the last year (14 September, 2015 – 14 September, 2016).
I have mentioned previously on this blog that we are entering a lower return environment and looked at expected returns over the next 10 years “Looking Ahead at Markets and Inflation” (updated in December 2015 “Expected asset Class Returns over the next 10 Year”).
