Why does inflation rates in USA increase to 8.7%? “The USA economy consists of 30% goods and 70% services. Due to Covid the demand for goods increased and the ratio changed to 35%. Consequently logistical constraints increased thereby boosting inflation” - Kuben Naidoo @resbank
“Probability for the USA experiencing a recession is 65%. Due to the USA suffering inflation at 8.7% we will experience imported inflation. Best growth scenario by end of year is 3%. The @resbank need to increase interest rates to prevent second round effects” - Kuben Naidoo.
Happy People Ziyawa nge weekend!⚽ Let’s fill up Orlando Stadium 🏟 when @orlandopirates take on @Alahliysc in the CAF semi-final on Sunday. #ChampionBeer
RT this tweet and we might slide into your DMs with tickets to the big game.