February 2022 economic update – Moneyweb
Inflation increased in the US and UK, while in SA it slowed, though the figure remains near the top of the Sarb’s 3-6% target.
- Global stock markets continued heading down in February after a poor start to the year in January. The thought of tightening monetary policy combined with Russia invading Ukraine has caused investors to flee to safer assets. As a result, the Morgan Stanley Capital International (MSCI) All Country World Index lost 2.70% in February. As expected, the current environment hurt emerging markets more than their developed counterparts, with the MSCI Emerging Markets Index losing 3.06% as compared with -2.65% from the MSCI World Index.
- The major headline is the Russian invasion of Ukraine, which many have declared the largest warfare operation in Europe since World War II. The United States and its allies have imposed numerous sanctions on Russia, including the major Russian banks, to try to cripple…
