Source: Agbiz e-newsletter, 14 January 2022, photo credit: CAPITEC
The NWU Business School PUI for 4Q 2021 declined to 53.2 from 58.2 in 3Q 2021 (baseline 50), but is still well in negative territory.
The negative factors that caused the big spike in the 3Q 2021 PUI diminished in 4Q 2021. Structural impediments to a strong economic recovery remain unless economic reforms are prioritised.
Towards the end of 4Q 2021 overall global economic growth rate forecasts, although still positive at about 5%, were being trimmed as a result of the impact of Omicron restrictions in several countries.
Lower growth and higher inflation, together with costly supply chain disruptions, were increasingly features of the global economy in the fourth quarter of 2021. Emerging markets (EM) like South Africa became vulnerable to the gradual tightening of US monetary policy and a sharp slowdown in the Chinese economy. In 4Q 2021 interest rates rose in several countries to deal with inflation.
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The South African Pork Producers’ Organisation (SAPPO) coordinates industry interventions and collaboratively manages risks in the value chain to enable the sustainability and profitability of pork producers in South Africa.
