America’s "fiscal cliff", the name given to the hundreds of billions of dollars in tax rises and spending cuts, will dominate the economic week.
In the last week of 2012, investors will be waiting for word from the United States on its tax rises and spending cuts due to begin next year.
Politics trump data this week as the ANC’s leadership conference gets underway, Japan’s old leadership is back in power and Europe waits on Italy.
The United States Federal Reserve’s final policy meeting of the year and a European Union summit will dominate the economic week ahead.
The central banks worldwide will take centre stage in the week ahead as they announce their latest rates decisions.
The United States’s fiscal cliff and an agreement between the EU and the IMF on Greece will set the tone for global markets this week.
Inflation data and a rates decision in SA, the US’s looming fiscal cliff and ongoing trouble in the Middle East will make for a hectic week ahead.
Over the coming days, US President Barack Obama will begin talks on the country’s fiscal cliff, while China will wrap up its leadership transition.
A change in leadership in the United States and China – the world’s two biggest economies – will see a transformation in fiscal and monetary policies.
The economic week ahead will blow in with a massive storm in the US – the world’s largest economy – and end with vehicle sales figures here in SA.