We teach economics students that inflation is a process of sustained rises in the general price level. So when do price shocks such as increases in fuel and food prices become an inflationary process? One has to look for second-round effects – in other words, when the prices of services start to increase, and when salaries and wages start to rise.

* The Economics Minute is supported by the NWU Business School

Ons leer vir ekonomie studente dat inflasie is ʼn proses van volgehoue stygings in die algemene prysvlak. So wanneer word prysskokke soos stygings in brandstof- en voedselpryse ʼn inflasieproses? Mens moet kyk vir tweede-rondte effekte – wanneer die pryse van dienste begin styg, en wanneer salarisse en lone begin styg.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Skokke, soos ʼn pandemie, of ʼn oorlog, laat gewoonlik ontluikende markte se geldeenhede swaar kry. Die rand was tot onlangs toe ʼn uitsondering, maar oor die afgelope twee weke het dit 7% swakker verhandel teen die dollar. Na Woensdagaand se rentekoersverhoging deur die Amerikaanse federale reserwebank het dit gister weer onder R16 teen die dollar verhandel (dit eindig op R16,04/$1). So wat kan ons volgende verwag?

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Shocks, such as a pandemic, or a war, usually make things difficult for emerging market currencies. The rand was an exception until recently, but over the past two weeks it has traded 7% weaker against the dollar. After Wednesday evening’s interest rate hike by the US Federal Reserve, it traded below R16 against the dollar again yesterday (closing at R16.04/$1). So what can we expect next?

* The Economics Minute is supported by the NUWU Business School.

Economists have been painting a bleak picture of the economy for the last month or so. Last week's World Economic Outlook report from the IMF explains that the world's economic growth rate may decline from 6.1% in 2021 to 3.6% in 2022 and 2023, and emphasises that inflation is now dangerously high in many countries. The question is, what can we do about it?

* The Economics Minute is supported by the NWU Business School.

Ekonome is die laaste maand of wat besig om ʼn donker prentjie van die ekonomie te skilder. Verlede week se World Economic Outlook verslag van die IMF verduidelik dat die wêreld se ekonomiese groeikoers kan afneem van 6,1% in 2021 tot 3,6% in 2022 en 2023 en inflasie is nou gevaarlik hoog in talle lande. Die vraag is, kan ons nie iets daaraan doen nie?

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

Die Minuut is terug en die vraag is hoe gaan dit met die ekonomie? Die skokke waarvan ontleders praat begin nou in die data sigbaar word. Ekonomiese aktiwiteit verlangsaam, pryse styg en sentrale banke staan voor ʼn moeilike rentekoersbesluit.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.

The Minute is back and the question is how is the economy doing? The shocks that analysts have been talking about are now starting to become visible in the data. Economic activity is slowing down, prices are rising, and central banks are facing a difficult interest rate decision.

* The Economics Minute is supported by the NWU Business School.

The Minute is taking a long weekend break and I will miss some of the news, so I thought of sharing other interesting economics stories for an episode or three. Today is about buying organic food products.

* The Economics Minute is supported by the NWU Business School.

Die Minuut vat ʼn langnaweek en ek gaan dalk elke dag se nuus misloop, so ek het gedink om ander interessante ekonomie stories te deel vir ʼn episode of drie. Vandag gaan oor om organiese kosprodukte te koop.

* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.