South Africa M3 Money Supply (YoY) climbed from previous 9.35% to 10.44% in December

Senior Analyst, Jens Nærvig Pedersen at Danske Bank, suggests that global real economic growth and income growth have been slowing partly due to central banks repeatedly undershooting their inflation target which has led commodity markets to start to prepare for a potential global economic recession this year, in turn leading to a significant price slump.