Gill Marcus, the governor of the South African Reserve Bank, on Tuesday said that unless policymakers in Europe and the United States settle their differences and commit to a cohesive strategy for growth, the global economy risked falling into recession.
In an address to the US Chamber of Commerce in South Africa, based in Johannesburg, Marcus said: “The global economy is on the brink of falling back into what could be a prolonged recession unless purposeful and coordinated action is taken. Ther
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- Uruguay’s digital currency pilot ‘close to launch’, says governor