Matt Quigley writes the weekly economic preview for the Mail & Guardian. His blog on the South African economy can be found at www.thoughtleader.co.za/mattquigley
Russia's decision to send troops into Ukraine has added an element of uncertainty to global markets. Here's what is to look out for this week.
This week, SA's finance minister will give his budget address while the US Federal Reserve chief is set to resume her testimony on monetary policy.
After the country's annual inflation rate rose to 5.4% in December, the next big item on SA's data calendar would be this week's CPI report.
As China gets set to release lending figures, SA's latest retail sales numbers are likely to show that the pace of consumer purchases has slowed down.
America's monthly jobs report and a slew of central bank meetings will dominate this week's economic calendar.
South African Reserve Bank and US Federal Reserve policy meetings is foreseen to dominate the week, although neither is expected to change rates.
Following the Central Bank of Nigeria's announcement of its rates decision, investors will turn their attention to SA's latest inflation figures.
This week's retail sales snapshot is likely to be a disappointment to pressurised SA consumers but some good news is expected for global markets.
As another year gets into full swing, the latest manufacturing numbers from SA and US employment figures will keep economist and investors busy.
With most global markets expected to end 2013 on a high note, various economies and investors across the globe are increasingly optimistic about 2014.