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Challenges facing the global economy - a South African perspective

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, development and emerging economies

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiChallenges facing the global economy - a South African perspective

ContextPublic lecture by Lesetja Kganyago, Governor of the South African Reserve Bank, at the University of Johannesburg, Johannesburg, 10 May 2023.

Why it mattersKganyago describes a new normal for emerging market policymakers.

Problems raised
  1. The global economy faced many shocks.
  2. Recovery from COVID is uneven.
  3. Policymakers face a new normal.
Solutions proposed
  1. Keep inflation under control.
  2. Pursue structural reforms.
  3. Coordinate policy internationally.
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