This topic is particularly important for South Africa which, alongside other emerging market economies, has had its own idiosyncratic challenges being exacerbated by these global shocks. In light of this background, my speech today will focus on how inflation, growth and the monetary policy outlook have impacted our domestic economy.
Before doing so, it is probably important that we do a quick recap of where we have come from. Global developments since the outbreak of the COVID-19 pandemic The major disruptions since the onset of the COVID-19 pandemic have been an important learning exercise for global economic policy.