The document provides an economic update and discusses several global and domestic economic indicators. It shows that global policy uncertainty has increased since the late 1990s. World exports as a percentage of GDP peaked in 2008 and have declined since. China's total debt as a percentage of GDP has sharply risen in recent years and now stands over 250% of GDP. In South Africa, consumer disposable income growth has slowed in recent years, while business confidence as measured by the BER index is down from previous years. South Africa's GDP growth rate was estimated to be 0.7% in 2019.