BUSI­NESS DAY

Finweek English Edition - - THE FINWEEK -

warned if the US failed to meet its debt com­mit­ments it could cause the en­tire world to sink due to liq­uid­ity pres­sure and its con­se­quences. The pa­per also felt in­creases in SA’s in­ter­est rates would be in­ap­pro­pri­ate, as in­fla­tion is largely driven by higher food and oil prices. said a sec­ond re­ces­sion in SA – with its high un­em­ploy­ment rate of 26% and in­sta­bil­ity – would be very dif­fi­cult to cope with, be­cause it wouldn’t al­low many mon­e­tary and fis­cal op­tions.

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