RMB PROVIDES INSIGHTS ON THE LOCAL AND GLOBAL ECONOMY
RMB Botswana, a division of First National Bank Botswana (FNBB) says the global economy is expected to see a vaccineinspired boom from the second half of this year. This was a key takeaway at the recently held Global Markets webinar which aimed to provide strategic solutions to clients as they continue to navigate their way through local economic challenges, as well as offer a broader insight into the global economic landscape.
Keynote speakers John Cairns (RMB Client Strategist), Moatlhodi Sebabole (FNBB Chief Economist) and Gomolemo Basele (FNBB Quantitative Analyst) participated in the event. Said Cairns: “The global economy is expected to see a vaccine-inspired boom from the second half of this year. This is already helping Batswana through the sharp boom in commodity prices, including the normalisation in the diamond market. South Africa’s economy is only expected to return to its 2019 size in 2024, and the optimism around the coming global economic boom has translated into a “reflation-risk” on surge in financial markets.” RMB understands the impact that the COVID-19 pandemic has had on businesses operating in Botswana and the disruptions caused to supply chain logistics.
“Hosting this webinar shortly after the national budget was presented, created the opportunity to share valuable market insights with clients – allowing clients to make informed and sound business decisions,” said FNBB Economist Moatlhodi Sebabole.